WASHINGTON ,
May 18,
2022 /PRNewswire/ -- The board of directors of the
Federal Agricultural Mortgage Corporation (Farmer Mac) has declared
a second quarter dividend of $0.95
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, 2022 to holders of record of
common stock as of June 15,
2022.
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,
2022 to and including July 17,
2022. These preferred stock dividends will be payable on
July 17, 2022 to holders of record of
those classes of preferred stock as of July
1, 2022.
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