Federal Agricultural Mortgage Corp. (NYSE:AGM) declared a quarterly dividend on Thursday, November 14th, Zacks reports. Stockholders of record on Monday, December 16th will be given a dividend of 0.70 per share by the credit services provider on Tuesday, December 31st. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.37%. The ex-dividend date of this dividend is Friday, December 13th.
Shares of NYSE AGM traded up $0.72 during mid-day trading on Wednesday, reaching $82.99. The company’s stock had a trading volume of 4,285 shares, compared to its average volume of 39,136. The firm has a market capitalization of $881.03 million, a PE ratio of 9.91 and a beta of 1.19. The company has a debt-to-equity ratio of 3.01, a current ratio of 0.39 and a quick ratio of 0.39. The stock has a fifty day moving average of $83.45 and a two-hundred day moving average of $78.55. Federal Agricultural Mortgage has a 52 week low of $55.64 and a 52 week high of $88.46.
Federal Agricultural Mortgage (NYSE:AGM) last released its quarterly earnings data on Wednesday, November 6th. The credit services provider reported $2.17 earnings per share for the quarter, missing analysts’ consensus estimates of $2.20 by ($0.03). The business had revenue of $36.68 million during the quarter. Federal Agricultural Mortgage had a return on equity of 20.69% and a net margin of 16.64%.
About 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: Farm & Ranch, USDA Guarantees, Rural Utilities, and Institutional Credit. The Farm & Ranch segment purchases and retains eligible mortgage loans that are secured by first liens on agricultural real estate; securitizes eligible mortgage loans, and guarantees the timely payment of principal and interest on securities representing interests in or obligations secured by pools of mortgage loans; and issues long-term standby purchase commitments (LTSPC) on designated eligible mortgage loans.
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