Mortgage giant Fannie Mae reported net income of $4.6 billion from April through June, up from $3.7 billion a year earlier. Rising interest rates enabled Fannie to post gains on the investments it uses to hedge against swings in rates.
The second-quarter results released Thursday marked the 14th straight profitable quarter for the government-controlled company.
Washington-based Fannie said it will pay a dividend of $4.4 billion to the U.S. Treasury next month. With that payment, Fannie will have paid a total $142.5 billion in dividends.