Farmer Mac (AGM) sets $0.2769 Series I preferred dividend for July 2026
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
The Federal Agricultural Mortgage Corporation (Farmer Mac) reported that its board declared a quarterly dividend on its 6.875% Non-Cumulative Preferred Stock, Series I. The dividend is $0.2769097 per share for the period from but not including May 19, 2026, to and including July 17, 2026.
This Series I preferred dividend will be payable on July 17, 2026, to holders of record as of July 1, 2026. The company had previously declared dividends on its three classes of common stock and five other preferred series, as announced on May 13, 2026.
Positive
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8-K Event Classification
2 items: 8.01, 9.01
2 items
Item 8.01
Other Events
Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
Series I dividend per share: $0.2769097 per share
Preferred dividend rate: 6.875%
Dividend period: May 19, 2026 – July 17, 2026
+2 more
5 metrics
Series I dividend per share
$0.2769097 per share
Dividend on 6.875% Non-Cumulative Preferred Stock, Series I
Preferred dividend rate
6.875%
Non-Cumulative Preferred Stock, Series I dividend rate
Dividend period
May 19, 2026 – July 17, 2026
From but not including May 19, 2026, to and including July 17, 2026
Record date
July 1, 2026
Holders of record for Series I dividend eligibility
Payment date
July 17, 2026
Scheduled payment date for Series I preferred dividend
Key Terms
Non-Cumulative Preferred Stock, secondary market, liquidity, capital relief
4 terms
Non-Cumulative Preferred Stock financial
"6.875% Non-Cumulative Preferred Stock, Series I (the “Series I Preferred Stock”)"
Preferred stock that pays a fixed dividend but does not require the company to make up missed payments later; if a dividend is skipped, shareholders lose that income permanently rather than accumulating a balance the company must repay. Investors care because this structure offers higher priority than common shares for payouts but less protection for dividend income, so it’s a trade-off between steady yield and the risk of permanent missed payments.
secondary market financial
"Our secondary market provides liquidity to our nation’s agricultural and infrastructure businesses"
The secondary market is where investors buy and sell financial assets, such as stocks or bonds, after they have been initially issued. It functions like a marketplace where ownership changes hands, allowing investors to cash out or acquire investments more easily. This market provides liquidity, making it easier for people to turn their investments into cash or find new opportunities.
liquidity financial
"to increase the accessibility of financing to provide vital liquidity for American agriculture and rural infrastructure"
Liquidity is how easily and quickly an asset or investment can be converted into cash without losing value. It matters to investors because higher liquidity means they can access their money quickly if needed, while lower liquidity can make it harder to sell assets promptly or at a fair price, potentially creating financial challenges. Think of it like trying to sell a common item versus a rare collectible—it's much easier to sell the common item fast.
capital relief financial
"to help meet financial institutions’ growth, liquidity, risk management, and capital relief needs"
FAQ
What dividend did Farmer Mac (AGM) declare on its Series I preferred stock?
Farmer Mac declared a $0.2769097 per share dividend on its 6.875% Non-Cumulative Preferred Stock, Series I. The dividend covers the period from but not including May 19, 2026, to and including July 17, 2026, as approved by the board of directors.
When will Farmer Mac (AGM) pay the Series I preferred dividend?
The Series I preferred dividend will be paid on July 17, 2026. Holders of the 6.875% Non-Cumulative Preferred Stock, Series I, must be on record as shareholders as of July 1, 2026, to receive this dividend payment from Farmer Mac.
What is the dividend period for Farmer Mac’s Series I preferred stock (AGM.PR.I)?
The dividend period runs from May 19, 2026, to July 17, 2026, excluding May 19, 2026. This timeframe applies to the $0.2769097 per share dividend declared on Farmer Mac’s 6.875% Non-Cumulative Preferred Stock, Series I, listed as NYSE: AGM.PR.I.
Which other Farmer Mac (AGM) securities have declared dividends mentioned here?
Farmer Mac previously declared dividends on three common stock classes and five preferred series. These include Class A, Class B, Class C common stock and Series D, E, F, G, and H preferred stock, with that earlier decision announced on May 13, 2026.
On which exchange is Farmer Mac’s Series I preferred stock (AGM.PR.I) listed?
Farmer Mac’s 6.875% Non-Cumulative Preferred Stock, Series I is listed on the New York Stock Exchange under the symbol AGM.PR.I. This listing is noted in connection with the declared dividend of $0.2769097 per share for the current dividend period.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
________________
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): June 3, 2026
(Exact name of registrant as specified in its charter)
Federally chartered instrumentality of the United States | ||||||||||||||
(State or Other Jurisdiction of Incorporation) | (Commission File Number) | (IRS Employer Identification No.) | ||||||||||||
| (Address of Principal Executive Offices) | (Zip Code) | |||||||||||||
Registrant’s telephone number, including area code (202 ) 872-7700
No change
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading symbol | Exchange on which registered | ||||||||||||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2). Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 8.01 Other Events
On June 3, 2026, the Board of Directors (“Board”) of the Federal Agricultural Mortgage Corporation (“Farmer Mac”) declared a quarterly dividend on Farmer Mac’s 6.875% Non-Cumulative Preferred Stock, Series I (the “Series I Preferred Stock”). The dividend of $0.2769097 per share of Series I Preferred Stock is for the period from but not including May 19, 2026, to and including July 17, 2026. The dividend on the Series I Preferred Stock will be payable on July 17, 2026, to holders of record of the Series I Preferred Stock, as of July 1, 2026. Farmer Mac’s Board had previously declared dividends on the company’s three classes of common stock (Class A, Class B, and Class C) and five other series of outstanding preferred stock (Series D, Series E, Series F, Series G and Series H), which was announced on May 13, 2026.
Information about the dividend declared by the Board on June 3, 2026, is also included in the press release attached to this report as Exhibit 99 and is incorporated by reference into this report. All references to www.farmermac.com in Exhibit 99 are inactive textual references only, and the information contained on Farmer Mac’s website is not incorporated by reference into this report.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
99 Press Release dated June 3, 2026
104 Cover Page Inline Interactive Data File - the cover page interactive data file does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document included as Exhibit 101
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
FEDERAL AGRICULTURAL MORTGAGE CORPORATION
By: /s/ Geraldine I. Hayhurst
Name: Geraldine I. Hayhurst
Title: Executive Vice President – Chief Legal Officer
Dated: June 3, 2026
Farmer Mac Declares Dividend on
Series I Preferred Stock
WASHINGTON, D.C., June 3, 2026 — The board of directors of the Federal Agricultural Mortgage Corporation (Farmer Mac) has declared a dividend on Farmer Mac’s recently issued 6.875% Non-Cumulative Preferred Stock, Series I (NYSE: AGM.PR.I) (the “Series I Preferred Stock”). The dividend of $0.2769097 per share of Series I Preferred Stock is for the period from but not including May 19, 2026 (the issuance date) to and including July 17, 2026. This preferred stock dividend will be payable on July 17, 2026, to holders of record of the Series I Preferred Stock as of July 1, 2026. Farmer Mac’s board of directors had previously declared dividends on the company’s three classes of common stock (Class A, Class B, and Class C) and five other series of outstanding preferred stock (Series D, Series E, Series F, Series G, and Series H), which was announced on May 13, 2026.
About Farmer Mac
Farmer Mac is driven by its mission to increase the accessibility of financing to provide vital liquidity for American agriculture and rural infrastructure. Our secondary market provides liquidity to our nation’s agricultural and infrastructure businesses, supporting a vibrant and strong rural America. We offer a wide range of solutions to help meet financial institutions’ growth, liquidity, risk management, and capital relief needs across diverse markets, including agriculture, agribusiness, broadband infrastructure, power and utilities, and renewable energy. 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 our website at www.farmermac.com.
CONTACT: Jalpa Nazareth, Investor Relations
Lisa Meyer, Media Inquiries
(202) 872-7700
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