WASHINGTON, Nov. 8, 2023
/PRNewswire/ -- The board of directors of the Federal
Agricultural Mortgage Corporation (Farmer Mac) has declared a
fourth quarter dividend of $1.10 per
share for each of Farmer Mac's three classes of common stock –
Class A Voting Common Stock (NYSE: AGM.A), Class B Voting Common
Stock (not listed on any exchange), and Class C Non-Voting Common
Stock (NYSE: AGM). The quarterly dividend will be payable on
December 29, 2023 to holders of
record of common stock as of December 15,
2023.
Farmer Mac's board of directors has also declared a dividend on
each of Farmer Mac's five classes of preferred stock. The quarterly
dividend of $0.375 per share of
6.000% Fixed-to-Floating Rate Non-Cumulative Preferred Stock,
Series C (NYSE: AGM.PR.C), $0.35625
per share of 5.700% Non-Cumulative Preferred Stock, Series D (NYSE:
AGM.PR.D), $0.359375 per share of
5.750% Non-Cumulative Preferred Stock, Series E (NYSE: AGM.PR.E),
$0.328125 per share of 5.250%
Non-Cumulative Preferred Stock, Series F (NYSE: AGM.PR.F), and
$0.3046875 per share of 4.875%
Non-Cumulative Preferred Stock, Series G (NYSE: AGM.PR.G), is for
the period from but not including October
17, 2023 to and including January 17,
2024. These preferred stock dividends will be payable on
January 17, 2024 to holders of record
of those classes of preferred stock as of January 2, 2024.
About Farmer Mac
Farmer Mac is a vital part of the
agricultural credit markets and was created to increase access to
and reduce the cost of capital for the benefit of American
agricultural and rural communities. As the nation's secondary
market for agricultural credit, we provide financial solutions to a
broad spectrum of the agricultural community, including
agricultural lenders, agribusinesses, and other institutions that
can benefit from access to flexible, low-cost financing and risk
management tools. Farmer Mac's customers benefit from its low cost
of funds, low overhead costs, and high operational efficiency.
Additional information about Farmer Mac is available on Farmer
Mac's website at www.farmermac.com.
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SOURCE Farmer Mac