AGNC: Why I Bought The 11% Yielding Preferreds

Jennifer_Sharp/iStock via Getty Images AGNC Investment (NASDAQ:AGNC) has five outstanding floating rate preference shares that offer an alternative and critically less risky way to gain exposure to its portfolio of residential mortgage-backed securities. I've been buying the 7.00% Series C Fixed-To-Floating Rate Preferreds (AGNCN). This ticker last declared a quarterly cash dividend of $0.6884 per share, an increase of 17.3% over the year-ago distribution with the preferreds still outstanding more than  ...