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

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

Federal Agricultural Mortgage has increased its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 14 years. Federal Agricultural Mortgage has a payout ratio of 33.2% indicating that its dividend is sufficiently covered by earnings. Equities research 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%.

Federal Agricultural Mortgage Price Performance

NYSE AGM opened at $226.43 on Friday. The company has a market cap of $2.46 billion, a PE ratio of 12.37, a P/E/G ratio of 0.84 and a beta of 0.97. The firm’s 50 day moving average price is $219.47 and its 200-day moving average price is $186.84. The company has a debt-to-equity ratio of 1.82, a quick ratio of 0.56 and a current ratio of 0.56. Federal Agricultural Mortgage has a 52-week low of $136.57 and a 52-week high of $248.29.

Federal Agricultural Mortgage (NYSE:AGM) last issued its quarterly earnings data on Thursday, July 30th. The credit services provider reported $5.40 EPS for the quarter, topping analysts’ consensus estimates of $4.87 by $0.53. The company had revenue of $125.01 million during the quarter, compared to the consensus estimate of $113.51 million. Federal Agricultural Mortgage had a net margin of 29.98% and a return on equity of 18.90%. Sell-side analysts forecast that Federal Agricultural Mortgage will post 20.72 EPS for the current fiscal year.

Federal Agricultural Mortgage Company Profile

Federal Agricultural Mortgage Corporation, commonly known as Farmer Mac, is a federally chartered corporation that provides a secondary market for agricultural and rural infrastructure loans. Its activities help agricultural lenders obtain funding and liquidity, supporting the availability of credit for farmers, ranchers, rural homeowners and rural businesses across the United States.

Farmer Mac purchases eligible loans and provides loan guarantees, securitization and other financing solutions through its business segments.