Federal Agricultural Mortgage Corp. (NYSE:agm) declared a quarterly dividend on Thursday, August 4th. Stockholders of record on Thursday, September 15th will be given a dividend of 0.26 per share on Friday, September 30th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.63%. The ex-dividend date of this dividend is Tuesday, September 13th. This is an increase from Federal Agricultural Mortgage Corp.’s previous quarterly dividend of $0.16.
A number of research firms have recently weighed in on AGM. Compass Point downgraded Federal Agricultural Mortgage Corp. from a “buy” rating to a “neutral” rating and set a $40.00 price target on the stock. in a research note on Thursday, May 12th. Sidoti downgraded Federal Agricultural Mortgage Corp. from a “buy” rating to a “neutral” rating in a research note on Wednesday, May 11th. Five investment analysts have rated the stock with a hold rating, The company has an average rating of “Hold” and a consensus target price of $38.00.
Shares of Federal Agricultural Mortgage Corp. (NYSE:AGM) opened at 39.52 on Thursday. The firm has a market cap of $413.77 million and a P/E ratio of 9.52. The company’s 50-day moving average price is $39.38 and its 200 day moving average price is $37.25. Federal Agricultural Mortgage Corp. has a 52 week low of $24.95 and a 52 week high of $45.48.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/08/federal-agricultural-mortgage-corp-agm-plans-dividend-increase-0-26-per-share.html
Federal Agricultural Mortgage Corp. (NYSE:AGM) last announced its quarterly earnings data on Tuesday, August 9th. The company reported $1.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.14 by $0.09. On average, equities analysts anticipate that Federal Agricultural Mortgage Corp. will post $4.75 earnings per share for the current year.
In related news, Director Mitchell A. Johnson sold 1,000 shares of Federal Agricultural Mortgage Corp. stock in a transaction that occurred on Wednesday, August 31st. The shares were sold at an average price of $41.30, for a total value of $41,300.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Lowell Junkins sold 3,000 shares of Federal Agricultural Mortgage Corp. stock in a transaction that occurred on Tuesday, August 9th. The shares were sold at an average price of $39.95, for a total transaction of $119,850.00. The disclosure for this sale can be found here. 4.84% of the stock is currently owned by corporate insiders.
Federal Agricultural Mortgage Corporation (Farmer Mac) provides a secondary market for a range of loans made to borrowers in rural America. The Company operates through four segments: Farm & Ranch, the United States Department of Agriculture (USDA) Guarantees, Rural Utilities and Institutional Credit.
Receive News & Ratings for Federal Agricultural Mortgage Corp. Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Federal Agricultural Mortgage Corp. and related companies with MarketBeat.com’s FREE daily email newsletter.