Farmer Mac Declares Quarterly Dividends on Common and Preferred Stock
The board of directors at the Federal Agricultural Mortgage Corporation, commonly known as Farmer Mac, has recently announced their decision to declare dividends for the fourth quarter. For investors and stakeholders focused on this sector, this news carries significant implications.
Details of the Common Stock Dividend
Farmer Mac has set the dividend at $1.40 per share for each of its three classes of common stock, which include Class A Voting Common Stock (NYSE: AGM.A), Class B Voting Common Stock, and Class C Non-Voting Common Stock (NYSE: AGM). All dividends declared will be distributed on the last day of the year to shareholders on record as of mid-December. This timing underscores Farmer Mac's effort to approach year-end with positive growth indicators for its shareholders.
Preferred Stock Dividend Announcements
In addition to the common stock dividends, Farmer Mac will also distribute dividends on its preferred stock classes. The announced payouts include:
- $0.35625 per share for the 5.700% Non-Cumulative Preferred Stock, Series D (NYSE: AGM.PR.D).
- $0.359375 per share for the 5.750% Non-Cumulative Preferred Stock, Series E (NYSE: AGM.PR.E).
- $0.328125 per share for the 5.250% Non-Cumulative Preferred Stock, Series F (NYSE: AGM.PR.F).
- $0.3046875 per share for the 4.875% Non-Cumulative Preferred Stock, Series G (AGM.PR.G).
The preferred stock dividends cover a period from mid-October to mid-January and will be payable shortly thereafter. These dividends illustrate Farmer Mac’s continuing commitment to providing attractive returns to its investors.
Farmer Mac's Vision and Commitment
Farmer Mac operates with a clear mission: to enhance accessibility regarding financing for the agricultural sector and the rural infrastructure across America. As a vital secondary market player in agricultural credit, Farmer Mac plays a significant role in supporting various stakeholders, including agricultural lenders, agribusinesses, and rural electric cooperatives.
Empowering Rural Communities
By enabling competitive access to financing, Farmer Mac empowers growth, innovation, and prosperity in rural communities. This commitment not only strengthens the agricultural landscape but also fortifies the financial infrastructure that supports rural America.
Frequently Asked Questions
Frequently Asked Questions
What are the declared dividends per share for common stock?
The declared dividend is $1.40 per share for Farmer Mac's three classes of common stock.
When will the dividends for common stock be payable?
The dividends will be paid on December 31 to shareholders recorded as of December 16.
What is the dividend for preferred stock, Series D?
The quarterly dividend for Series D 5.700% Non-Cumulative Preferred Stock is $0.35625 per share.
What does Farmer Mac do?
Farmer Mac aims to increase the accessibility of financing for agriculture and rural infrastructure in America.
How does Farmer Mac support rural communities?
Farmer Mac provides financial solutions to a broad range of customers, helping to foster growth and innovation in rural areas.
