Profile
Sector:
Financial ServicesIndustry:
Credit ServicesCountry:
United StatesIPO:
10 February 1994Website:
http://www.farmermac.comNext earnings report:
N/ALast dividends:
16 September 2024Next dividends:
16 December 2024Price
regular market | 40 min agoAnalysts recommendations
Institutional Ownership
Included in screeners
AGM Latest News
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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What type of business is Federal Agricultural Mortgage?
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. Its Rural Infrastructure Finance line of business is involved in the purchase of rural utilities loans and renewable energy loans and guarantees of securities backed by loans, as well as LTSPCs for pools of eligible rural utilities loans; by loans for electric or telecommunications facilities by lenders organized as cooperatives to borrowers; and other financial institutions that are secured by pools of eligible loans. Federal Agricultural Mortgage Corporation was incorporated in 1987 and is headquartered in Washington, the District of Columbia.
What sector is Federal Agricultural Mortgage in?
Federal Agricultural Mortgage is in the Financial Services sector
What industry is Federal Agricultural Mortgage in?
Federal Agricultural Mortgage is in the Credit Services industry
What country is Federal Agricultural Mortgage from?
Federal Agricultural Mortgage is headquartered in United States
When did Federal Agricultural Mortgage go public?
Federal Agricultural Mortgage initial public offering (IPO) was on 10 February 1994
What is Federal Agricultural Mortgage website?
https://www.farmermac.com
Is Federal Agricultural Mortgage in the S&P 500?
No, Federal Agricultural Mortgage is not included in the S&P 500 index
Is Federal Agricultural Mortgage in the NASDAQ 100?
No, Federal Agricultural Mortgage is not included in the NASDAQ 100 index
Is Federal Agricultural Mortgage in the Dow Jones?
No, Federal Agricultural Mortgage is not included in the Dow Jones index
When was Federal Agricultural Mortgage the previous earnings report?
No data
When does Federal Agricultural Mortgage earnings report?
Next earnings report date is not announced yet