Farmer Mac Declares Quarterly Dividends on Common and Preferred Stock

Rhea-AI Summary

Farmer Mac has declared its fourth quarter dividends for 2024. Common stockholders will receive $1.40 per share across all three classes of common stock (AGM.A, Class B, and AGM), payable on December 31, 2024, to holders of record as of December 16, 2024. The company also declared dividends for its four preferred stock classes: Series D at $0.35625, Series E at $0.359375, Series F at $0.328125, and Series G at $0.3046875 per share, all payable on January 17, 2025, to holders of record as of January 2, 2025.

Positive

• Consistent dividend payment demonstrates financial stability
• Maintains dividend payments across multiple stock classes
• Diversified stock structure provides various investment options

Negative

• None.

WASHINGTON, Nov. 6, 2024 /PRNewswire/ -- The board of directors of the Federal Agricultural Mortgage Corporation (Farmer Mac) has declared a fourth quarter dividend of $1.40 per share for 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 will be payable on December 31, 2024 to holders of record of common stock as of December 16, 2024.

Farmer Mac's board of directors has also declared a dividend on each of Farmer Mac's four classes of preferred stock. The quarterly dividend of $0.35625 per share of 5.700% Non-Cumulative Preferred Stock, Series D (NYSE: AGM.PR.D), $0.359375 per share of 5.750% Non-Cumulative Preferred Stock, Series E (NYSE: AGM.PR.E), $0.328125 per share of 5.250% Non-Cumulative Preferred Stock, Series F (NYSE: AGM.PR.F), and $0.3046875 per share of 4.875% Non-Cumulative Preferred Stock, Series G (AGM.PR.G), is for the period from but not including October 17, 2024 to and including January 17, 2025. These preferred stock dividends will be payable on January 17, 2025 to holders of record of those classes of preferred stock as of January 2, 2025.

About Farmer Mac
Farmer Mac is driven by its mission to increase the accessibility of financing for American agriculture and rural infrastructure. As a secondary market for our nation's agricultural and rural infrastructure credit, we provide financial solutions to a broad spectrum of customers supporting rural America, including agricultural lenders, agribusinesses, and rural electric cooperatives. We are uniquely positioned to facilitate competitive access to financing that fuels growth, innovation, and prosperity in America's rural and agricultural communities. Additional information about Farmer Mac is available on Farmer Mac's website at www.farmermac.com.

 

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SOURCE Farmer Mac

FAQ

What is Farmer Mac's (AGM) common stock dividend amount for Q4 2024?

Farmer Mac's common stock dividend for Q4 2024 is $1.40 per share for all three classes of common stock.

When is Farmer Mac's (AGM) Q4 2024 common stock dividend payable?

The Q4 2024 common stock dividend is payable on December 31, 2024, to stockholders of record as of December 16, 2024.

What are the preferred stock dividend rates for Farmer Mac (AGM) in Q4 2024?

Farmer Mac's preferred stock quarterly dividends are: Series D at $0.35625, Series E at $0.359375, Series F at $0.328125, and Series G at $0.3046875 per share.

When will Farmer Mac (AGM) pay its preferred stock dividends?

The preferred stock dividends will be paid on January 17, 2025, to holders of record as of January 2, 2025.