Federal Agricultural Mortgage Co. (NYSE:AGM) Plans $1.40 Quarterly Dividend

Federal Agricultural Mortgage Co. (NYSE:AGM) declared a quarterly dividend on Wednesday, November 6th,Zacks Dividends reports. Stockholders of record on Monday, December 16th will be paid a dividend of 1.40 per share by the credit services provider on Tuesday, December 31st. This represents a $5.60 dividend on an annualized basis and a dividend yield of 2.68%. The ex-dividend date is Monday, December 16th.

Federal Agricultural Mortgage has raised its dividend by an average of 11.2% per year over the last three years and has increased its dividend every year for the last 13 years. Federal Agricultural Mortgage has a dividend payout ratio of 31.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Federal Agricultural Mortgage to earn $17.93 per share next year, which means the company should continue to be able to cover its $5.60 annual dividend with an expected future payout ratio of 31.2%.

Federal Agricultural Mortgage Price Performance

Shares of Federal Agricultural Mortgage stock traded down $0.44 on Friday, hitting $208.69. The company’s stock had a trading volume of 6,516 shares, compared to its average volume of 54,015. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 1.68. The firm has a fifty day moving average price of $186.75 and a 200-day moving average price of $186.06. Federal Agricultural Mortgage has a 52-week low of $155.11 and a 52-week high of $217.60. The company has a market capitalization of $2.27 billion, a P/E ratio of 13.44, a price-to-earnings-growth ratio of 1.63 and a beta of 1.04.

Federal Agricultural Mortgage (NYSE:AGM) last released its quarterly earnings results on Monday, November 4th. The credit services provider reported $4.10 EPS for the quarter, missing the consensus estimate of $4.14 by ($0.04). Federal Agricultural Mortgage had a net margin of 12.59% and a return on equity of 20.50%. The business had revenue of $411.40 million during the quarter, compared to analyst estimates of $92.15 million. During the same quarter in the prior year, the company earned $4.13 earnings per share. On average, equities research analysts expect that Federal Agricultural Mortgage will post 15.95 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods restated a “market perform” rating and issued a $215.00 target price on shares of Federal Agricultural Mortgage in a report on Tuesday, August 6th.

Insiders Place Their Bets

In other Federal Agricultural Mortgage news, EVP Stephen P. Mullery sold 2,472 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $182.28, for a total value of $450,596.16. Following the sale, the executive vice president now directly owns 22,045 shares of the company’s stock, valued at approximately $4,018,362.60. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Federal Agricultural Mortgage news, Director Sara Louise Faivre-Davis sold 685 shares of the business’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $184.55, for a total transaction of $126,416.75. Following the completion of the sale, the director now owns 3,225 shares of the company’s stock, valued at approximately $595,173.75. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Stephen P. Mullery sold 2,472 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $182.28, for a total value of $450,596.16. Following the completion of the transaction, the executive vice president now owns 22,045 shares in the company, valued at approximately $4,018,362.60. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 3,967 shares of company stock valued at $729,487. Company insiders own 2.21% of the company’s stock.

About Federal Agricultural Mortgage

Federal Agricultural Mortgage Corporation provides a secondary market for various loans made to borrowers in the United States. It operates through four segments: Corporate AgFinance, Farm & Ranch, Rural Utilities, and Renewable Energy. The company’s Agricultural Finance line of business engages in purchasing and retaining eligible loans and securities; guaranteeing the payment of principal and interest on securities that represent interests in or obligations secured by pools of eligible loans; servicing eligible loans; and issuing LTSPCs for eligible loans.