Federal Agricultural Mortgage Corp (AGM.A) 25.00 $AGM.A
Farmer Mac declares 14% higher and 4th consecutive annual dividend increase
M2 - Fri Feb 06, 3:25AM CST
The Federal Agricultural Mortgage Corporation (Farmer Mac) (NYSE:AGM) (NYSE:AGM.A) revealed on Thursday a 14% increase in its quarterly common stock dividend over the previous quarter.
AGM.A: 25.00 (+0.75), AGM: 32.35 (+0.42)
Federal Agricultural Mortgage Corporation declares $0.16 dividend
Seeking Alpha - at Seeking Alpha - Thu Feb 05, 4:04PM CST
AGM.A: 25.00 (+0.75)
Farmer Mac Announces 4th Consecutive Annual Dividend Increase
PR Newswire - Thu Feb 05, 3:05PM CST
The Federal Agricultural Mortgage Corporation (Farmer Mac, NYSE: AGM and AGM.A) announced today that it has increased the quarterly dividend paid on Farmer Mac's common stock by 14 percent from the previous quarter. Farmer Mac's board of directors has declared a first quarter dividend of $0.16 per share on each of Farmer Mac's three classes of common stock - Class A Voting Common Stock (NYSE: AGM.A), Class B Voting Common Stock (not listed on any exchange), and Class C Non-Voting Common Stock (NYSE: AGM). The quarterly dividend of $0.16 will be payable on March 31, 2015 to holders of record of common stock as of March 16, 2015.
AGM.A: 25.00 (+0.75), AGM: 32.35 (+0.42)
Farmer Mac Accepted as a Counterparty to Federal Reserve Bank of New York's Reverse Repurchase Facility
PR Newswire - Tue Jan 20, 3:45PM CST
The Federal Agricultural Mortgage Corporation (Farmer Mac, NYSE: AGM and AGM.A) announced today that the company has been accepted as a counterparty to the Federal Reserve Bank of New York's ("FRBNY"
Reverse Repurchase Facility effective January 16, 2015. Farmer Mac had submitted its application to the FRBNY in November 2014 as part of its cash management and liquidity initiative that was introduced in the second quarter of 2014.
AGM.A: 25.00 (+0.75), BK: 39.20 (-0.21), AGM: 32.35 (+0.42)
Farmer Mac Selects Bank of the West Executive Curt Covington to Head Agricultural Finance Group
PR Newswire - Tue Jan 13, 3:05PM CST
The Federal Agricultural Mortgage Corporation (Farmer Mac, NYSE: AGM and AGM.A) announced today that Curt Covington will join the company as senior vice president, agricultural finance later this month. In his new role, Mr. Covington will lead Farmer Mac's business development efforts in its Farm & Ranch and USDA Guarantees business segments, as well as oversee the company's overall credit administration and underwriting functions.
AGM.A: 25.00 (+0.75), AGM: 32.35 (+0.42)
Farmland Partners Inc. Announces Expansion of the Farmer Mac Facility to $150 Million and Closing of $30.8 Million of Farm Acquisitions
PR Newswire - Tue Dec 23, 8:00AM CST
Farmland Partners Inc. (NYSEMKT: FPI) (the "Company" today announced the expansion of the secured note purchase facility with the Federal Agricultural Mortgage Corporation (NYSE: AGM and AGM.A) ("Farmer Mac" from $75 million to $150 million. Additionally, the Company announced the issuance under such facility of a $30.9 million, three-year, interest-only bond with a fixed interest rate of 2.56%, bringing the total principal amount outstanding under the facility to $81.1 million. Bonds issued under this facility are secured by mortgage loans on agricultural real estate owned by the Company that have an effective loan-to-value ratio of up to 60%.
AGM.A: 25.00 (+0.75), FPI: 11.35 (+0.16), AGM: 32.35 (+0.42)
Federal Agricultural Mortgage declares $0.14 dividend
Seeking Alpha - at Seeking Alpha - Wed Dec 03, 3:50PM CST
AGM.A: 25.00 (+0.75)
Farmer Mac Declares Quarterly Dividends on Common and Preferred Stock
PR Newswire - Wed Dec 03, 3:45PM CST
The board of directors of the Federal Agricultural Mortgage Corporation (Farmer Mac) has declared a quarterly dividend per share on each of Farmer Mac's three classes of common stock - Class A Voting Common Stock (NYSE: AGM.A), Class B Voting Common Stock (not listed on any exchange), and Class C Non-Voting Common Stock (NYSE: AGM). The quarterly dividend of $0.14 will be payable on December 31, 2014 to holders of record of common stock as of December 19, 2014.
AGM.A: 25.00 (+0.75), AGM: 32.35 (+0.42)
Farmer Mac Reports Third Quarter 2014 Results -- Net Effective Spread Improves and Credit Quality Remains at Historically Favorable Levels
PR Newswire - Mon Nov 10, 7:05AM CST
The Federal Agricultural Mortgage Corporation (Farmer Mac; NYSE: AGM and AGM.A) today announced its third quarter 2014 results, which included continued widening of net effective spread and ongoing strong portfolio credit quality that remains at the most favorable end of historical ranges. Farmer Mac's third quarter 2014 core earnings, a non-GAAP measure, were $9.3 million ($0.82 per diluted common share), compared to $11.8 million ($1.05 per diluted common share) in third quarter 2013 and $23.2 million ($2.05 per diluted common share) in second quarter 2014. Farmer Mac's net income attributable to common stockholders for third quarter 2014 was $11.6 million ($1.02 per diluted common share), compared to $15.4 million ($1.37 per diluted common share) for the same period in 2013.
AGM.A: 25.00 (+0.75), AGM: 32.35 (+0.42)
Farmer Mac Announces Conference Call for Third Quarter 2014 Results
PR Newswire - Mon Nov 03, 3:05PM CST
The Federal Agricultural Mortgage Corporation (Farmer Mac; NYSE: AGM and AGM.A) today announced that it will host a conference call at 11:00 a.m. eastern time on Monday, November 10, 2014, to review its financial results for third quarter 2014. Farmer Mac is expected to release its financial results for the fiscal quarter ended September 30, 2014 prior to the opening of the equity markets on November 10, 2014.
AGM.A: 25.00 (+0.75), AGM: 32.35 (+0.42)
Farmland Partners Inc. Announces Agreements for Acquisition of $25 Million of Farms and Increase of the Farmer Mac Facility to $75 Million
PR Newswire - Fri Oct 17, 8:00AM CDT
Farmland Partners Inc. (NYSEMKT:FPI) (the "Company" today announced that it has entered into eight separate purchase agreements with separate sellers to acquire nine farms in Arkansas and Nebraska totaling approximately 6,080 acres for aggregate consideration of approximately $25 million in cash. The acquisitions are expected to close in 2014, and are subject to customary closing conditions.
AGM.A: 25.00 (+0.75), FPI: 11.35 (+0.16), AGM: 32.35 (+0.42)
Farmland Partners Inc. and Farmer Mac Announce Initial $20.7 Million Debt Financing Under a $30 Million Secured Note Purchase Facility
PR Newswire - Wed Aug 27, 3:48PM CDT
Farmland Partners Inc. (NYSEMKT: FPI) ("Farmland Partners" and the Federal Agricultural Mortgage Corporation (NYSE: AGM and AGM.A) ("Farmer Mac" today announced Farmland Partners' initial issuance of a $20.7 million, 3-year, interest-only note to Farmer Mac with a fixed interest rate of 2.40% under a $30 million secured note purchase facility (the "Facility" , which may be upsized upon approval by both Farmland Partners and Farmer Mac. Each note issued under the Facility will be secured by mortgage loans on agricultural real estate owned by Farmland Partners, each of which will have an effective loan-to-value ratio of no more than 60%. The note issuance is expected to settle on September 5, 2014.
AGM.A: 25.00 (+0.75), FPI: 11.35 (+0.16), AGM: 32.35 (+0.42)
Farmer Mac announces common and preferred stock dividends for quarter
M2 - Mon Aug 11, 6:31AM CDT
The board of directors of the Federal Agricultural Mortgage Corporation (Farmer Mac), a provider of capital to agriculture and rural communities and increase lender competition, approved a quarterly dividend of USD0.14 per share on each of the company's three classes of common stock, class A voting common stock (NYSE:AGM.A), class B voting common stock and class C non-voting common stock (NYSE:AGM), it reported on Friday.
AGM.A: 25.00 (+0.75), AGM: 32.35 (+0.42)
Farmer Mac Reports Second Quarter 2014 Results -- Core Earnings of $23.2 million on Favorable Credit, Wider Spreads, and Tax Benefit
PR Newswire - Mon Aug 11, 6:30AM CDT
The Federal Agricultural Mortgage Corporation (Farmer Mac; NYSE: AGM and AGM.A) today announced its second quarter 2014 results, which included continued strong portfolio credit quality and widening net effective spread. Farmer Mac's second quarter 2014 core earnings, a non-GAAP measure, were $23.2 million ($2.05 per diluted common share), compared to $16.5 million ($1.48 per diluted common share) in second quarter 2013 and $11.0 million ($0.97 per diluted common share) in first quarter 2014. The recognition of an $11.6 million tax benefit related to a cash management initiative established in second quarter 2014 was a significant contributor to the increase in core earnings this quarter. Other key drivers of this increase included releases of allowance for losses primarily related to a reduction in exposure to ethanol loans, widening of net effective spread, and net growth in Farm & Ranch loans. During second quarter 2014, Farmer Mac continued to strengthen its capital position through the issuance of $75.0 million of fixed-to-floating rate perpetual preferred stock, bringing Farmer Mac's total preferred stock issuances for 2014 to $150.0 million.
AGM.A: 25.00 (+0.75), AGM: 32.35 (+0.42)
Farmer Mac Announces Conference Call for Second Quarter 2014 Results
PR Newswire - Mon Aug 04, 3:05PM CDT
The Federal Agricultural Mortgage Corporation (Farmer Mac; NYSE: AGM and AGM.A) today announced that it will host a conference call at 11:00 a.m. eastern time on Monday, August 11, 2014, to review its financial results for second quarter 2014. Farmer Mac is expected to release its financial results for the fiscal quarter ended June 30, 2014 prior to the opening of the equity markets on August 11, 2014.
AGM.A: 25.00 (+0.75), AGM: 32.35 (+0.42)
Farmer Mac to Enhance Capital Position Through the Issuance of $75 Million of Series C Preferred Stock
PR Newswire - Tue Jun 17, 3:38PM CDT
The Federal Agricultural Mortgage Corporation (Farmer Mac; NYSE: AGM and AGM.A) today announced that it has agreed to issue $75 million of Tier 1 capital through the public offering of 6.000% fixed-to-floating rate non-cumulative perpetual Series C preferred stock, with a liquidation preference of $25.00 per share. The preferred stock offering is expected to close on June 20, 2014, subject to customary closing conditions. Farmer Mac intends to use the net proceeds from the sale of the preferred stock for general corporate purposes. Farmer Mac expects to list the Series C preferred stock on the New York Stock Exchange under the symbol "AGM PR C."
AGM.A: 25.00 (+0.75), AGM: 32.35 (+0.42)
Farmer Mac declares 14% higher and 4th consecutive annual dividend increase
M2 - Fri Feb 06, 3:25AM CST
The Federal Agricultural Mortgage Corporation (Farmer Mac) (NYSE:AGM) (NYSE:AGM.A) revealed on Thursday a 14% increase in its quarterly common stock dividend over the previous quarter.
AGM.A: 25.00 (+0.75), AGM: 32.35 (+0.42)
Federal Agricultural Mortgage Corporation declares $0.16 dividend
Seeking Alpha - at Seeking Alpha - Thu Feb 05, 4:04PM CST
AGM.A: 25.00 (+0.75)
Farmer Mac Announces 4th Consecutive Annual Dividend Increase
PR Newswire - Thu Feb 05, 3:05PM CST
The Federal Agricultural Mortgage Corporation (Farmer Mac, NYSE: AGM and AGM.A) announced today that it has increased the quarterly dividend paid on Farmer Mac's common stock by 14 percent from the previous quarter. Farmer Mac's board of directors has declared a first quarter dividend of $0.16 per share on each of Farmer Mac's three classes of common stock - Class A Voting Common Stock (NYSE: AGM.A), Class B Voting Common Stock (not listed on any exchange), and Class C Non-Voting Common Stock (NYSE: AGM). The quarterly dividend of $0.16 will be payable on March 31, 2015 to holders of record of common stock as of March 16, 2015.
AGM.A: 25.00 (+0.75), AGM: 32.35 (+0.42)
Farmer Mac Accepted as a Counterparty to Federal Reserve Bank of New York's Reverse Repurchase Facility
PR Newswire - Tue Jan 20, 3:45PM CST
The Federal Agricultural Mortgage Corporation (Farmer Mac, NYSE: AGM and AGM.A) announced today that the company has been accepted as a counterparty to the Federal Reserve Bank of New York's ("FRBNY"
Reverse Repurchase Facility effective January 16, 2015. Farmer Mac had submitted its application to the FRBNY in November 2014 as part of its cash management and liquidity initiative that was introduced in the second quarter of 2014. AGM.A: 25.00 (+0.75), BK: 39.20 (-0.21), AGM: 32.35 (+0.42)
Farmer Mac Selects Bank of the West Executive Curt Covington to Head Agricultural Finance Group
PR Newswire - Tue Jan 13, 3:05PM CST
The Federal Agricultural Mortgage Corporation (Farmer Mac, NYSE: AGM and AGM.A) announced today that Curt Covington will join the company as senior vice president, agricultural finance later this month. In his new role, Mr. Covington will lead Farmer Mac's business development efforts in its Farm & Ranch and USDA Guarantees business segments, as well as oversee the company's overall credit administration and underwriting functions.
AGM.A: 25.00 (+0.75), AGM: 32.35 (+0.42)
Farmland Partners Inc. Announces Expansion of the Farmer Mac Facility to $150 Million and Closing of $30.8 Million of Farm Acquisitions
PR Newswire - Tue Dec 23, 8:00AM CST
Farmland Partners Inc. (NYSEMKT: FPI) (the "Company"
today announced the expansion of the secured note purchase facility with the Federal Agricultural Mortgage Corporation (NYSE: AGM and AGM.A) ("Farmer Mac" from $75 million to $150 million. Additionally, the Company announced the issuance under such facility of a $30.9 million, three-year, interest-only bond with a fixed interest rate of 2.56%, bringing the total principal amount outstanding under the facility to $81.1 million. Bonds issued under this facility are secured by mortgage loans on agricultural real estate owned by the Company that have an effective loan-to-value ratio of up to 60%. AGM.A: 25.00 (+0.75), FPI: 11.35 (+0.16), AGM: 32.35 (+0.42)
Federal Agricultural Mortgage declares $0.14 dividend
Seeking Alpha - at Seeking Alpha - Wed Dec 03, 3:50PM CST
AGM.A: 25.00 (+0.75)
Farmer Mac Declares Quarterly Dividends on Common and Preferred Stock
PR Newswire - Wed Dec 03, 3:45PM CST
The board of directors of the Federal Agricultural Mortgage Corporation (Farmer Mac) has declared a quarterly dividend per share on each of Farmer Mac's three classes of common stock - Class A Voting Common Stock (NYSE: AGM.A), Class B Voting Common Stock (not listed on any exchange), and Class C Non-Voting Common Stock (NYSE: AGM). The quarterly dividend of $0.14 will be payable on December 31, 2014 to holders of record of common stock as of December 19, 2014.
AGM.A: 25.00 (+0.75), AGM: 32.35 (+0.42)
Farmer Mac Reports Third Quarter 2014 Results -- Net Effective Spread Improves and Credit Quality Remains at Historically Favorable Levels
PR Newswire - Mon Nov 10, 7:05AM CST
The Federal Agricultural Mortgage Corporation (Farmer Mac; NYSE: AGM and AGM.A) today announced its third quarter 2014 results, which included continued widening of net effective spread and ongoing strong portfolio credit quality that remains at the most favorable end of historical ranges. Farmer Mac's third quarter 2014 core earnings, a non-GAAP measure, were $9.3 million ($0.82 per diluted common share), compared to $11.8 million ($1.05 per diluted common share) in third quarter 2013 and $23.2 million ($2.05 per diluted common share) in second quarter 2014. Farmer Mac's net income attributable to common stockholders for third quarter 2014 was $11.6 million ($1.02 per diluted common share), compared to $15.4 million ($1.37 per diluted common share) for the same period in 2013.
AGM.A: 25.00 (+0.75), AGM: 32.35 (+0.42)
Farmer Mac Announces Conference Call for Third Quarter 2014 Results
PR Newswire - Mon Nov 03, 3:05PM CST
The Federal Agricultural Mortgage Corporation (Farmer Mac; NYSE: AGM and AGM.A) today announced that it will host a conference call at 11:00 a.m. eastern time on Monday, November 10, 2014, to review its financial results for third quarter 2014. Farmer Mac is expected to release its financial results for the fiscal quarter ended September 30, 2014 prior to the opening of the equity markets on November 10, 2014.
AGM.A: 25.00 (+0.75), AGM: 32.35 (+0.42)
Farmland Partners Inc. Announces Agreements for Acquisition of $25 Million of Farms and Increase of the Farmer Mac Facility to $75 Million
PR Newswire - Fri Oct 17, 8:00AM CDT
Farmland Partners Inc. (NYSEMKT:FPI) (the "Company"
today announced that it has entered into eight separate purchase agreements with separate sellers to acquire nine farms in Arkansas and Nebraska totaling approximately 6,080 acres for aggregate consideration of approximately $25 million in cash. The acquisitions are expected to close in 2014, and are subject to customary closing conditions. AGM.A: 25.00 (+0.75), FPI: 11.35 (+0.16), AGM: 32.35 (+0.42)
Farmland Partners Inc. and Farmer Mac Announce Initial $20.7 Million Debt Financing Under a $30 Million Secured Note Purchase Facility
PR Newswire - Wed Aug 27, 3:48PM CDT
Farmland Partners Inc. (NYSEMKT: FPI) ("Farmland Partners"
and the Federal Agricultural Mortgage Corporation (NYSE: AGM and AGM.A) ("Farmer Mac" today announced Farmland Partners' initial issuance of a $20.7 million, 3-year, interest-only note to Farmer Mac with a fixed interest rate of 2.40% under a $30 million secured note purchase facility (the "Facility" , which may be upsized upon approval by both Farmland Partners and Farmer Mac. Each note issued under the Facility will be secured by mortgage loans on agricultural real estate owned by Farmland Partners, each of which will have an effective loan-to-value ratio of no more than 60%. The note issuance is expected to settle on September 5, 2014. AGM.A: 25.00 (+0.75), FPI: 11.35 (+0.16), AGM: 32.35 (+0.42)
Farmer Mac announces common and preferred stock dividends for quarter
M2 - Mon Aug 11, 6:31AM CDT
The board of directors of the Federal Agricultural Mortgage Corporation (Farmer Mac), a provider of capital to agriculture and rural communities and increase lender competition, approved a quarterly dividend of USD0.14 per share on each of the company's three classes of common stock, class A voting common stock (NYSE:AGM.A), class B voting common stock and class C non-voting common stock (NYSE:AGM), it reported on Friday.
AGM.A: 25.00 (+0.75), AGM: 32.35 (+0.42)
Farmer Mac Reports Second Quarter 2014 Results -- Core Earnings of $23.2 million on Favorable Credit, Wider Spreads, and Tax Benefit
PR Newswire - Mon Aug 11, 6:30AM CDT
The Federal Agricultural Mortgage Corporation (Farmer Mac; NYSE: AGM and AGM.A) today announced its second quarter 2014 results, which included continued strong portfolio credit quality and widening net effective spread. Farmer Mac's second quarter 2014 core earnings, a non-GAAP measure, were $23.2 million ($2.05 per diluted common share), compared to $16.5 million ($1.48 per diluted common share) in second quarter 2013 and $11.0 million ($0.97 per diluted common share) in first quarter 2014. The recognition of an $11.6 million tax benefit related to a cash management initiative established in second quarter 2014 was a significant contributor to the increase in core earnings this quarter. Other key drivers of this increase included releases of allowance for losses primarily related to a reduction in exposure to ethanol loans, widening of net effective spread, and net growth in Farm & Ranch loans. During second quarter 2014, Farmer Mac continued to strengthen its capital position through the issuance of $75.0 million of fixed-to-floating rate perpetual preferred stock, bringing Farmer Mac's total preferred stock issuances for 2014 to $150.0 million.
AGM.A: 25.00 (+0.75), AGM: 32.35 (+0.42)
Farmer Mac Announces Conference Call for Second Quarter 2014 Results
PR Newswire - Mon Aug 04, 3:05PM CDT
The Federal Agricultural Mortgage Corporation (Farmer Mac; NYSE: AGM and AGM.A) today announced that it will host a conference call at 11:00 a.m. eastern time on Monday, August 11, 2014, to review its financial results for second quarter 2014. Farmer Mac is expected to release its financial results for the fiscal quarter ended June 30, 2014 prior to the opening of the equity markets on August 11, 2014.
AGM.A: 25.00 (+0.75), AGM: 32.35 (+0.42)
Farmer Mac to Enhance Capital Position Through the Issuance of $75 Million of Series C Preferred Stock
PR Newswire - Tue Jun 17, 3:38PM CDT
The Federal Agricultural Mortgage Corporation (Farmer Mac; NYSE: AGM and AGM.A) today announced that it has agreed to issue $75 million of Tier 1 capital through the public offering of 6.000% fixed-to-floating rate non-cumulative perpetual Series C preferred stock, with a liquidation preference of $25.00 per share. The preferred stock offering is expected to close on June 20, 2014, subject to customary closing conditions. Farmer Mac intends to use the net proceeds from the sale of the preferred stock for general corporate purposes. Farmer Mac expects to list the Series C preferred stock on the New York Stock Exchange under the symbol "AGM PR C."
AGM.A: 25.00 (+0.75), AGM: 32.35 (+0.42)
