Federal Agricultural Mortgage’s PREFERRED STOCK, SERIES D Shares Cross 5.5% Yield Mark


In trading on Monday, shares of Federal Agricultural Mortgage Corp’s 5.700% NON-CUMULATIVE PREFERRED STOCK, SERIES D (Symbol: AGM.PRD) were yielding above the 5.5% mark based on its quarterly dividend (annualized to $1.425), with shares changing hands as low as $25.75 on the day. This compares to an average yield of 5.29% in the “Financial” preferred stock category, according to Preferred Stock Channel. As of last close, AGM.PRD was trading at a 4.40% premium to its liquidation preference amount, versus the average premium of 5.45% in the “Financial” category. Investors should keep in mind that the shares are not cumulative, meaning that in the event of a missed payment, the company does not have to pay the balance of missed dividends to preferred shareholders before resuming a common dividend.

The chart below shows the one year performance of AGM.PRD shares, versus AGM:

Below is a dividend history chart for AGM.PRD, showing historical dividend payments on Federal Agricultural Mortgage Corp’s 5.700% NON-CUMULATIVE PREFERRED STOCK, SERIES D :

AGM.PRD+Dividend+History+Chart



In Monday trading, Federal Agricultural Mortgage Corp’s 5.700% NON-CUMULATIVE PREFERRED STOCK, SERIES D (Symbol: AGM.PRD) is currently down about 0.9% on the day, while the common shares (Symbol: AGM) are up about 0.1%.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.



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