WASHINGTON, Aug. 7, 2019 /PRNewswire/ -- The board of
directors of the Federal Agricultural Mortgage Corporation (Farmer
Mac) has declared a third quarter dividend of $0.70 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 30, 2019 to holders of record of common
stock as of September 16,
2019.
Farmer Mac's board of directors has also declared a dividend on
each of Farmer Mac's three classes of preferred stock. The
quarterly dividend of $0.3672 per
share of 5.875% Non-Cumulative Preferred Stock, Series A (NYSE:
AGM.PR.A), $0.375 per share of 6.000%
Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series C
(NYSE: AGM.PR.C), and $0.35625 per
share of 5.700% Non-Cumulative Preferred Stock, Series D
(NYSE:AGM.PR.D), is for the period from but not including
July 17, 2019 to and including
October 17, 2019. The preferred
stock dividends will be payable on October
17, 2019 to holders of record of preferred stock as of
October 2,
2019.
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 largest
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 our low cost of funds, low overhead costs, and high
operational efficiency. In fact, we are often able to provide the
lowest cost of borrowing to agricultural and rural borrowers. For
more than 30 years, Farmer Mac has been delivering the capital and
commitment rural America deserves. Additional information
about Farmer Mac is available on Farmer Mac's website at
www.farmermac.com.
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SOURCE Farmer Mac