Federal Agricultural Mortgage Corporation (NYSE:AGM) will begin trading ex-dividend on September 15, 2020. The quarterly dividend payment of $ 0.80 per share is scheduled to be paid on September 30, 2020. The dividend yield based on the latest trading day closing price was 4.68 %. Owners of shares, purchased before the ex-dividend date will be eligible for the dividend.
Dividends History
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Federal Agricultural Mortgage Corporation recently reported second quarter financial results on August 10, 2020, after market close, the Washington based company reported income for the second quarter of $ 2.45 per share, from the revenue of $ 52.46 million. The quarterly earnings extended 11.36 percent while revenues expanded 10.65 percent compared with the same quarter last year.
Street analysts expected Federal Agricultural Mortgage Corporation recently reported second quarter financial results on August 10, 2020, after market close, the Washington based company to report income of $ 2.29 per share on revenue of $ 49.17 million for the second quarter. The bottom line results beat street analysts by $ 0.16 or 6.99 percent, at the same time, top line results outshined analysts by $ 3.29 million or 6.69 percent.
Stock Performance
Shares of Federal Agricultural Mortgage Corporation traded up $ 0.25 or 0.37 percent on Thursday, reaching $ 68.34 with volume of 50.10 thousand shares. Federal Agricultural Mortgage Corporation has traded high as $ 68.95 and has cracked $ 67.07 on the downward trend
According to the previous trading day, closing price of $ 68.34, representing a 70.01 % increase from the 52 week low of $ 40.05 and a 23.03 % decrease over the 52 week high of $ 88.46.
The company has a market capital of $ 718.22 million and is part of the Financial Services sector and Credit Services industry.
Federal Agricultural Mortgage Corporation provides a secondary market for various loans made to borrowers in the United States. It operates through four segments: Farm & Ranch, USDA Guarantees, Rural Utilities, and Institutional Credit. The Farm & Ranch segment purchases and retains eligible mortgage loans that are secured by first liens on agricultural real estate; securitizes eligible mortgage loans, and guarantees the timely payment of principal and interest on securities representing interests in or obligations secured by pools of mortgage loans; and issues long-term standby purchase commitments (LTSPC) on designated eligible mortgage loans.
