Federal Agricultural Mortgage Corp. (agm) Plans Dividend Increase – $0.26 Per Share

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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.

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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.

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