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

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

Shares of AGM stock traded down $0.44 during trading hours on Friday, hitting $208.69. The stock had a trading volume of 6,516 shares, compared to its average volume of 54,015. The stock’s 50 day moving average is $186.75 and its 200 day moving average is $186.06. The firm has a market capitalization of $2.27 billion, a PE ratio of 13.44, a PEG ratio of 1.63 and a beta of 1.04. Federal Agricultural Mortgage has a twelve month low of $155.11 and a twelve month high of $217.60. The company has a debt-to-equity ratio of 1.68, a current ratio of 0.49 and a quick ratio of 0.49.

Federal Agricultural Mortgage (NYSE:AGM) last issued its quarterly earnings data on Monday, November 4th. The credit services provider reported $4.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.14 by ($0.04). Federal Agricultural Mortgage had a return on equity of 20.50% and a net margin of 12.59%. The business had revenue of $411.40 million for the quarter, compared to analysts’ expectations of $92.15 million. During the same period in the previous year, the business posted $4.13 earnings per share. As a group, research analysts forecast that Federal Agricultural Mortgage will post 15.95 earnings per share for the current fiscal year.

Insider Buying and Selling at Federal Agricultural Mortgage

In other news, Director Sara Louise Faivre-Davis sold 685 shares of Federal Agricultural Mortgage stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $184.55, for a total value of $126,416.75. Following the sale, the director now owns 3,225 shares of the company’s stock, valued at $595,173.75. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Federal Agricultural Mortgage news, EVP Stephen P. Mullery sold 2,472 shares of the firm’s stock in a transaction on 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 sale, the executive vice president now 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Sara Louise Faivre-Davis sold 685 shares of the business’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $184.55, for a total transaction of $126,416.75. Following the sale, the director now owns 3,225 shares in the company, valued at $595,173.75. The trade was 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 have sold 3,967 shares of company stock valued at $729,487. 2.21% of the stock is owned by company insiders.

Analyst Ratings Changes

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

Federal Agricultural Mortgage Company Profile

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.