Federal Agricultural Mortgage Corporation (NYSE:AGM) Plans Quarterly Dividend of $1.60

Federal Agricultural Mortgage Corporation (NYSE:AGM) declared a quarterly dividend on Wednesday, August 12th. Stockholders of record on Tuesday, September 15th will be given a dividend of 1.60 per share by the credit services provider on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend is Tuesday, September 15th.

Federal Agricultural Mortgage has raised its dividend payment by an average of 0.1%per year over the last three years and has increased 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 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

Federal Agricultural Mortgage stock opened at $238.34 on Thursday. The company has a market cap of $2.59 billion, a P/E ratio of 13.02, a price-to-earnings-growth ratio of 0.87 and a beta of 0.98. Federal Agricultural Mortgage has a one year low of $136.57 and a one year high of $248.29. The business has a fifty day moving average of $203.30 and a two-hundred day moving average of $178.83. 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 (NYSE:AGM) last posted its earnings results 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. Federal Agricultural Mortgage had a return on equity of 18.90% and a net margin of 29.98%.The company had revenue of $125.01 million for the quarter, compared to the consensus estimate of $113.51 million. As a group, analysts predict that Federal Agricultural Mortgage will post 20.72 earnings per share for the current fiscal year.

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.