Federal Agricultural Mortgage Corporation (AGM) To Go Ex-Dividend on September 15th

Federal Agricultural Mortgage Corporation (NYSE:AGM – Get Free Report) declared a quarterly dividend on Wednesday, August 12th. Stockholders of record on Tuesday, September 15th will be given a dividend of 1.60 per share by the credit services provider on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Tuesday, September 15th.

Federal Agricultural Mortgage has raised its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 14 years. Federal Agricultural Mortgage has a dividend payout ratio of 33.2% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Federal Agricultural Mortgage to earn $23.17 per share next year, which means the company should continue to be able to cover its $6.40 annual dividend with an expected future payout ratio of 27.6%.

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Federal Agricultural Mortgage Stock Performance

NYSE AGM opened at $231.90 on Friday. The firm has a market capitalization of $2.52 billion, a P/E ratio of 12.66, a P/E/G ratio of 0.88 and a beta of 0.98. Federal Agricultural Mortgage has a 1-year low of $136.57 and a 1-year high of $248.29. The company has a debt-to-equity ratio of 1.82, a current ratio of 0.56 and a quick ratio of 0.56. The business’s 50-day simple moving average is $204.29 and its 200-day simple moving average is $179.26.

Federal Agricultural Mortgage (NYSE:AGM – Get Free Report) last posted its earnings results on Thursday, July 30th. The credit services provider reported $5.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.87 by $0.53. Federal Agricultural Mortgage had a net margin of 29.98% and a return on equity of 18.90%. The firm had revenue of $125.01 million during the quarter, compared to the consensus estimate of $113.51 million. Equities analysts predict that Federal Agricultural Mortgage will post 20.72 EPS for the current year.

Federal Agricultural Mortgage Company Profile

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Federal Agricultural Mortgage Corporation (NYSE: AGM), commonly known as Farmer Mac, is a government-sponsored enterprise chartered in 1988 under the Agricultural Credit Act of 1987. Headquartered in Washington, DC, Farmer Mac was established to enhance the availability of mortgage credit for the agricultural and rural utility sectors. The corporation operates as a secondary market for agricultural real estate and rural infrastructure loans, providing lenders with liquidity and risk management solutions.

The company’s principal business activities include purchasing and securitizing long-term fixed-rate agricultural mortgage loans and rural utilities loans originated by approved lenders.

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