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12% Dividend American Capital Agency Excelled In FY2014

American Capital Agency Corp. (NASDAQ:AGNC) is a blue chip mortgage REIT. Its President and CIO, Gary Kain, is considered to be one of the gurus of the MBS world, especially the Agency RMBS world. AGNC invests in Agency RMBS. Its goal is to preserve its net asset value while providing risk-adjusted returns for distribution to shareholders. Since its IPO in May 2008 at $20.00 per share, it has paid $30.22 per common share in dividends; and its net asset value has risen to $25.74 per common share (a +179.8% total economic return over a period that included the Great Recession). As the chart below shows, its peers have done much less…