The latest decline in this stock doesn't match with the fundamentals for dividends, so I'm able to bring out the buy rating. In previous coverage, I was on the fence because share prices were just a bit too high. The steeper yield curve is very positive for dividend sustainability, and I believe the $0.18 dividend looks very solid. This is a clear and easy call for me to make. This is a buy rating on the company.
An upgrade for American Capital Agency Corp. (NASDAQ:AGNC) is a little overdue. The company reported a great third quarter, and shares jumped too high for me to come out with a buy rating following the announcement. To be fair, they were climbing prior to the announcement coming out. When I previewed the announcement, shares were running $19.48, and I came out in the neutral camp. I correctly predicted what the company would report for the third quarter, and shares rallied past $20. Following up on the earnings release and subsequent call, I decided to stick with my neutral rating. The prices were just too high to upgrade, even though the portfolio met my expectations and beat analysts' expectations.
Source: Seeking Alpha
Related Articles:
- The Most Important Thing To Consider When Selecting A Dividend Stock
- 5 Healthcare Stocks With Growing Dividends Yielding In Excess of 2%
- 3 Powerful Concepts for Compounding Wealth with Dividend Stocks
- Why We Are Dividend Growth Investors
- 5 Higher Yielding, Lower Risk Stocks To Perk Up Your Dividend Income
________________________________________________________________
Subscribe to:
Post Comments (Atom)
Popular Posts Last 30 Days
-
Stocks that offer big dividend yields are often backed by businesses that are going through rough patches and experiencing significant downt...
-
With the calendar turning over to 2019, many of the trends causing the rise in volatility aren’t stopping. To that end, making a calculated ...
-
Many dividend stocks tumbled over the past year, since conservative investors often shift from high-yielding stocks to bonds when interest r...
-
This company has become an income machine for investors over the past three decades, thanks in large part to the 132 consecutive dividends i...
-
Because we're expected to live longer than those just a generation or two removed from us, we'll need income during our retirement f...
-
If you want to find good deals this holiday season, forget the department stores. Instead, go to the stock market. Due to the lackluster per...
-
For the most part, stock market investors love the technology sector. While tech stocks were hit particularly hard during the latest market ...
-
Showing resilience during a tough week was a group of stocks that has not been heard from much in the past two years. A group that has been ...
-
The yield is 9.07%, with 1.14X coverage in Q3 '18. EVA has a $7.4B backlog that's contracted through 2025. Management expects EBITDA...
-
Even though GDP is growing nicely, consumer spending is red hot and unemployment is low, the stocks that are outperforming are all ones we’d...
0 comments
Post a Comment
Post a Comment