Federal Agricultural Mortgage Corporation (NYSE:AGM) Shareholders Set to Receive $1.60 Quarterly Dividend

Federal Agricultural Mortgage Corporation (NYSE:AGM) declared a quarterly dividend on Thursday, November 12th. Shareholders of record on Tuesday, December 15th will be given a dividend of $1.60 per share by the credit services provider on Thursday, December 31st. This represents a $6.40 annualized dividend and a yield of 3.7%. The ex-dividend date is Tuesday, December 15th.

Federal Agricultural Mortgage has raised its dividend payment by an average of 0.1% per year over the last three years and has raised its dividend annually for the last 14 consecutive years. Federal Agricultural Mortgage has a payout ratio of 33.2% meaning 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 Stock Up 0.4%

NYSE:AGM opened at $174.87 on Friday. Federal Agricultural Mortgage has a 1 year low of $136.57 and a 1 year high of $248.29. The company has a current ratio of 0.57, a quick ratio of 0.56 and a debt-to-equity ratio of 1.75. The stock has a market cap of $1.90 billion, a price-to-earnings ratio of 9.25, a PEG ratio of 0.71 and a beta of 1.02. The stock has a 50-day moving average price of $208.02 and a two-hundred day moving average price of $189.64.

Federal Agricultural Mortgage (NYSE:AGM) last announced its quarterly earnings results on Thursday, November 5th. The credit services provider reported $4.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.20 by ($0.38). The business had revenue of $125.25 million during the quarter, compared to the consensus estimate of $121.29 million. Federal Agricultural Mortgage had a return on equity of 19.16% and a net margin of 28.88%. As a group, equities analysts expect that Federal Agricultural Mortgage will post 20.45 earnings per share for the current year.

Federal Agricultural Mortgage Company Profile

Federal Agricultural Mortgage Corporation, known as Farmer Mac, operates a secondary market that helps provide liquidity to lenders serving U.S. agriculture and rural communities. Established by Congress under the Agricultural Credit Act of 1987, the company purchases eligible loans and provides guarantees and other financing solutions to lending institutions. Farmer Mac’s offerings support loans for farms and ranches, rural utilities and infrastructure, and other eligible rural borrowers. Its programs also include financing tied to USDA-guaranteed loans.