WASHINGTON, May 29, 2020 /PRNewswire/ -- The board of
directors of the Federal Agricultural Mortgage Corporation (Farmer
Mac) has declared a second quarter dividend of $0.80 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 June
30, 2020 to holders of record of common stock as of
June 15, 2020.
Farmer Mac's board of directors has also declared a dividend on
each of Farmer Mac's four 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 April 17, 2020 to and including July 17, 2020. The dividend of $0.2276 per share of 5.750% Non-Cumulative
Preferred Stock, Series E (NYSE: AGM.PR.E) is for the period from
but not including May 20, 2020 (the
issuance date) to and including July
17, 2020. The preferred stock dividends will be
payable on July 17, 2020 to holders
of record of preferred stock as of July
2, 2020.
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 our 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