Federal Agricultural Mortgage Corp. (NYSE:AGM) declared a quarterly dividend on Thursday, November 1st, Wall Street Journal reports. Investors of record on Friday, December 14th will be paid a dividend of 0.58 per share by the credit services provider on Monday, December 31st. This represents a $2.32 annualized dividend and a yield of 3.19%. The ex-dividend date of this dividend is Thursday, December 13th.
Federal Agricultural Mortgage has increased its dividend by an average of 37.0% annually over the last three years and has raised its dividend every year for the last 6 years.
AGM opened at $72.67 on Friday. Federal Agricultural Mortgage has a 1-year low of $64.69 and a 1-year high of $99.11. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 1.97. The stock has a market capitalization of $733.46 million, a price-to-earnings ratio of 9.75 and a beta of 1.22.
Federal Agricultural Mortgage (NYSE:AGM) last issued its quarterly earnings data on Thursday, August 9th. The credit services provider reported $1.80 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.05 by ($0.25). Federal Agricultural Mortgage had a net margin of 20.06% and a return on equity of 15.02%. The firm had revenue of $50.31 million for the quarter.
Federal Agricultural Mortgage Company Profile
Federal Agricultural Mortgage Corporation provides a secondary market for various loans made to borrowers in the United States. It operates through four segments: Farm & Ranch, USDA Guarantees, Rural Utilities, and Institutional Credit. The Farm & Ranch segment purchases and retains eligible mortgage loans that are secured by first liens on agricultural real estate; securitizes eligible mortgage loans, and guarantees the timely payment of principal and interest on securities representing interests in or obligations secured by pools of mortgage loans; and issues long-term standby purchase commitments on designated eligible mortgage loans.
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