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AGNC Investment Corp. reports recurring developments as a mortgage REIT focused on Agency residential mortgage-backed securities. The company invests in Agency MBS backed by Fannie Mae, Freddie Mac or Ginnie Mae guarantees against credit losses, finances the portfolio primarily through repurchase agreements, and uses risk-management strategies for interest-rate and market exposure.
Company updates commonly cover monthly common stock dividends, quarterly financial results, comprehensive income or loss, tangible net book value, net spread and dollar roll income, portfolio composition, leverage, liquidity and mortgage prepayment measures. News also includes earnings-call scheduling, commentary on mortgage spreads and housing-market conditions, and board or governance changes.
AGNC Investment Corp. reported a net income of $212 million and comprehensive income of $218 million for Q3 2021, translating to a net income per share of $0.36. The dividends declared were $0.36 per common share, maintaining a 9% dividend yield. Tangible net book value rose to $16.41 per share, an increase of $0.02. The company's investment portfolio totaled $84.1 billion, with a net spread of $0.75 per share. The leverage ratio stood at 7.5x with a 2.19% annualized net interest spread. AGNC announced a new share repurchase program of up to $1 billion.
AGNC Investment Corp. (Nasdaq: AGNC) has elected Andrew Johnson to its Board of Directors, effective October 21, 2021. Mr. Johnson will serve as an independent director on the Audit Committee, bringing over 20 years of experience in fixed income investments. His prior roles include Managing Director and Chief Investment Officer at Neuberger Berman and Lehman Brothers. With this addition, the Board comprises nine members, seven of whom are independent. The Board anticipates that Johnson's expertise will contribute to enhancing shareholder value.
AGNC Investment Corp. (Nasdaq: AGNC) announced a cash dividend of $0.12 per share for October 2021, payable on November 9, 2021, to stockholders of record as of October 29, 2021. The company's tangible net book value per common share will be disclosed on October 25, 2021, with the third quarter earnings release. AGNC focuses on investments in residential mortgage-backed securities guaranteed by U.S. Government-sponsored enterprises or agencies.
AGNC Investment Corp. (Nasdaq: AGNC) announced it will release its third quarter 2021 earnings on October 25, 2021. Following the earnings release, a stockholder call will take place on October 26, 2021, at 8:30 am ET. Investors can join via a free webcast or by dialing specific numbers provided for domestic and international callers. A slide presentation will be available to accompany the call, with archived audio and slides accessible on the AGNC website after the event.
AGNC Investment Corp. announced a cash dividend of $0.12 per share for September 2021, payable on October 12, 2021, to stockholders of record by September 30, 2021. The company's estimated tangible net book value is $16.25 per share as of August 31, 2021, accounting for the August dividend of $0.12. This estimate is unaudited and may differ materially.
AGNC Investment Corp. announced that its President and CEO, Peter Federico, will participate in a virtual fireside chat at the Barclays Global Financial Services Conference on September 14, 2021, at 9:45 am ET. Investors can access the live webcast on the AGNC Investor Relations website, with a replay available post-event. AGNC primarily invests in residential mortgage-backed securities backed by U.S. Government agencies.
AGNC Investment Corp. declared a cash dividend of $0.12 per common share for August 2021, payable on September 10, 2021, to stockholders of record as of August 31, 2021. The estimated tangible net book value is $16.28 per common share as of July 31, 2021, which includes the deduction for the July 2021 dividend of $0.12. This estimate is unaudited and could differ materially from future estimates. The company is a real estate investment trust primarily investing in residential mortgage-backed securities.
AGNC Investment Corp. reported a comprehensive loss of $(0.97) per common share for Q2 2021, including a net loss of $(0.83) per common share. The company's tangible net book value per share decreased by 7.5% to $16.39. Despite these losses, AGNC generated $0.76 per common share in net spread and dollar roll income, largely driven by a $87.5 billion investment portfolio. The dividends declared for the quarter were $0.36 per share, highlighting a negative economic return of 5.5%.
AGNC Investment Corp. (Nasdaq: AGNC) has declared a cash dividend of $0.12 per share for July 2021, payable on August 10, 2021 to shareholders on record as of July 30, 2021. The June 30, 2021 tangible net book value per common share will be announced alongside the Company's second quarter earnings on July 26, 2021. This dividend reflects AGNC's ongoing commitment to returning value to shareholders.
AGNC Investment Corp. will announce its second quarter 2021 earnings after market close on July 26, 2021. An earnings call and audio webcast are scheduled for July 27, 2021, at 8:30 am ET. Investors are encouraged to join the free webcast at www.AGNC.com. A slide presentation will accompany the call, available for download beforehand. Archived audio and presentation will be accessible after the call on the AGNC website, with phone recordings available from July 27 to August 10, 2021.