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AGNC Names New CEO and Declares Dividend

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AGNC Names New CEO and Declares DividendPhoto, wide shot, wide-angle lens, Bank, Midday, harsh overhead sunlight, directional sunlightt, photo by Thomas Heaton: https://img.theapi.app/temp/094456a7-d529-4ef2-b536-c031f2afd618.png

AGNC Investment (NASDAQ: AGNC) named a new CEO and declared a monthly dividend for December on Thursday.

The mortgage real estate investment trust (mREIT) is promoting Peter Federico from chief operating officer to CEO effective July 1, 2021. Current chief executive Gary Kain will become executive chairman of AGNC's board of directors.

Source Fool.com

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