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.
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 $0.35625 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 October 17,
2024 to and including January 17,
2025. These preferred stock dividends will be payable on
January 17, 2025 to holders of record
of those classes of preferred stock as of January 2, 2025.
About Farmer Mac
Farmer Mac is driven by its mission
to increase the accessibility of financing for American agriculture
and rural infrastructure. As a secondary market for our nation's
agricultural and rural infrastructure credit, we provide financial
solutions to a broad spectrum of customers supporting rural
America, including agricultural lenders, agribusinesses, and rural
electric cooperatives. We are uniquely positioned to facilitate
competitive access to financing that fuels growth, innovation, and
prosperity in America's rural and agricultural
communities. Additional information about Farmer Mac is
available on Farmer Mac's website at www.farmermac.com.
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SOURCE Farmer Mac
