WASHINGTON, May 3, 2023
/PRNewswire/ -- The board of directors of the Federal Agricultural
Mortgage Corporation (Farmer Mac) has declared a second 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 June 30, 2023 to holders of record of common
stock as of June 16,
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 April 17,
2023 to and including July 17,
2023. These preferred stock dividends will be payable on
July 17, 2023 to holders of record of
those classes of preferred stock as of July
3, 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