WASHINGTON, Aug. 9, 2023
/PRNewswire/ -- The board of directors of the Federal Agricultural
Mortgage Corporation (Farmer Mac) has declared a third 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 September 29, 2023 to holders of record of common
stock as of September 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 (AGM.PR.G), is for the
period from but not including July 17,
2023 to and including October
17, 2023. These preferred stock dividends will be
payable on October 17, 2023 to
holders of record of those classes of preferred stock as of
October 2, 2023.
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