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$210.06Last Dividend
$1.40Annual ROE
14.90%Beta
1.06Events Calendar
Next earnings date:
Feb 21, 2025Recent quarterly earnings:
Nov 04, 2024Recent annual earnings:
Feb 23, 2024Next ex-dividend date:
Dec 16, 2024Recent ex-dividend date:
Sept 16, 2024Next split:
N/ARecent split:
Aug 02, 1999Analyst ratings
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WASHINGTON , Nov. 6, 2024 /PRNewswire/ -- The board of directors of the Federal Agricultural Mortgage Corporation (Farmer Mac) has declared a fourth quarter dividend of $1.40 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 December 31, 2024 to holders of record of common stock as of December 16, 2024.
6-7% yields, QDI, and strong coverage, I plan to own these picks forever. Today's investors are mostly traders due to their extremely short holding periods. I collect income from low-stress securities to make my portfolio management easier.
Federal Agricultural Mortgage stock has increased by 117% since 2019, with earnings up 90%. The company has demonstrated outstanding performance in managing credit risk, interest rate risk, and leverage risk. Farmer Mac has a strong competitive advantage as a government-sponsored enterprise, with a moat that provides lower debt costs than even the best peers.
Federal Agricultural Mortgage Corporation (NYSE: AGM) First Quarter 2024 Earnings Conference Call will be held on May 6, 2024 at 8:30 AM ET. Present at the call will be Jalpa Nazareth, Bradford Nordholm, Aparna Ramesh, and Zachary Carpenter. Conference call participants include Bose George, William Ryan, and Brendan McCarthy. All lines are currently in a listen-only mode. Welcome to the Farmer Mac First Quarter 2024 Earnings Conference Call.
AGM reported quarterly earnings of $3.96 per share, surpassing the Zacks Consensus Estimate of $3.94 per share and an increase from $3.56 per share in the previous year.
W.P. Carey's leases tied to inflation will assist in providing income and dividend growth that outpaces inflation. Farmer Mac is a valuable find for investors seeking rapidly increasing dividend payouts.
The Federal Agricultural Mortgage Corporation has outperformed the S&P 500 with a 17% return since it was first covered, and recently raised its dividend by 27%. The company specializes in agricultural financing and rural infrastructure finance, both of which have experienced year-over-year growth to boost earnings. The dividend has consistently increased at a double-digit compound annual growth rate over the past decade.
The Zacks Mortgage & Related Services industry players benefit from expected rate cuts, low competition from banks and strong servicing business. PennyMac Financial Services (PFSI), Federal Agricultural Mortgage (AGM) and Ocwen Financial (OCN) look well-placed for growth.
Federal Agricultural Mortgage Corporation (AGM) Q4 2023 Earnings Call Transcript
Agriculture is a huge part of the American economy. Today, there are more than two million farms across the U.S. that contribute $1.26 trillion to U.S. gross domestic product (GDP), a 5.4% share.
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