Federal Agricultural Mortgage Corporation (AGM) To Go Ex-Dividend on March 16th

Federal Agricultural Mortgage Corporation (NYSE:AGM) declared a quarterly dividend on Wednesday, February 18th. Investors of record on Monday, March 16th will be given a dividend of 1.60 per share by the credit services provider on Tuesday, March 31st. This represents a c) annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend is Monday, March 16th. This is a 6.7% increase from Federal Agricultural Mortgage’s previous quarterly dividend of $1.50.

Federal Agricultural Mortgage has increased its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 14 years. Federal Agricultural Mortgage has a payout ratio of 33.2% meaning its dividend is sufficiently covered by earnings. Analysts expect Federal Agricultural Mortgage to earn $18.28 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 35.0%.

Federal Agricultural Mortgage Stock Down 0.0%

Shares of NYSE AGM opened at $151.54 on Friday. The stock has a market capitalization of $1.65 billion, a PE ratio of 9.11, a P/E/G ratio of 0.71 and a beta of 0.99. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.57 and a quick ratio of 0.57. The business’s fifty day moving average price is $168.38 and its 200-day moving average price is $172.92. Federal Agricultural Mortgage has a one year low of $146.69 and a one year high of $210.64.

Federal Agricultural Mortgage (NYSE:AGM) last announced its quarterly earnings results on Thursday, February 19th. The credit services provider reported $3.66 earnings per share for the quarter, missing the consensus estimate of $4.50 by ($0.84). Federal Agricultural Mortgage had a net margin of 15.73% and a return on equity of 17.93%. The company had revenue of $101.39 million during the quarter, compared to analysts’ expectations of $107.45 million. On average, equities research analysts anticipate that Federal Agricultural Mortgage will post 17.6 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on AGM. Wall Street Zen downgraded shares of Federal Agricultural Mortgage from a “hold” rating to a “sell” rating in a report on Saturday, February 21st. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Federal Agricultural Mortgage in a research note on Monday, December 22nd. Finally, Keefe, Bruyette & Woods cut their target price on Federal Agricultural Mortgage from $219.00 to $215.00 and set an “outperform” rating for the company in a research note on Monday, February 23rd. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Federal Agricultural Mortgage has a consensus rating of “Moderate Buy” and an average price target of $215.00.

Federal Agricultural Mortgage Company Profile

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.