Federal Agricultural Mortgage Co. (NYSE:AGM) Plans $1.40 Quarterly Dividend

Federal Agricultural Mortgage Co. (NYSE:AGM - Get Free Report) declared a quarterly dividend on Wednesday, November 6th,Zacks Dividends reports. Investors of record on Monday, December 16th will be given a dividend of 1.40 per share by the credit services provider on Tuesday, December 31st. This represents a $5.60 dividend on an annualized basis and a dividend yield of 2.70%. The ex-dividend date is Monday, December 16th.

Federal Agricultural Mortgage has raised its dividend by an average of 11.2% per year over the last three years and has raised its dividend annually for the last 13 consecutive years. Federal Agricultural Mortgage has a dividend payout ratio of 31.5% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Federal Agricultural Mortgage to earn $17.93 per share next year, which means the company should continue to be able to cover its $5.60 annual dividend with an expected future payout ratio of 31.2%.

Federal Agricultural Mortgage Stock Performance

Shares of AGM traded down $1.35 on Friday, reaching $207.78. The company's stock had a trading volume of 68,271 shares, compared to its average volume of 54,319. The company has a debt-to-equity ratio of 1.68, a current ratio of 0.49 and a quick ratio of 0.49. The stock has a market capitalization of $2.26 billion, a P/E ratio of 13.29, a PEG ratio of 1.63 and a beta of 1.04. The stock's 50 day simple moving average is $186.75 and its two-hundred day simple moving average is $186.06. Federal Agricultural Mortgage has a 12-month low of $155.11 and a 12-month high of $217.60.

Federal Agricultural Mortgage (NYSE:AGM - Get Free Report) last posted its quarterly earnings data on Monday, November 4th. The credit services provider reported $4.10 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $4.14 by ($0.04). The business had revenue of $411.40 million during the quarter, compared to analysts' expectations of $92.15 million. Federal Agricultural Mortgage had a return on equity of 20.50% and a net margin of 12.59%. During the same period in the previous year, the business posted $4.13 EPS. Research analysts forecast that Federal Agricultural Mortgage will post 15.95 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods reaffirmed a "market perform" rating and set a $215.00 price target on shares of Federal Agricultural Mortgage in a report on Tuesday, August 6th.

Insider Buying and Selling at Federal Agricultural Mortgage

In other Federal Agricultural Mortgage news, Director Sara Louise Faivre-Davis sold 685 shares of Federal Agricultural Mortgage stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $188.93, for a total transaction of $129,417.05. Following the transaction, the director now owns 4,595 shares of the company's stock, valued at $868,133.35. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Stephen P. Mullery sold 2,472 shares of the business's stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $182.28, for a total value of $450,596.16. Following the transaction, the executive vice president now owns 22,045 shares of the company's stock, valued at approximately $4,018,362.60. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Sara Louise Faivre-Davis sold 685 shares of the business's stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $188.93, for a total transaction of $129,417.05. Following the completion of the transaction, the director now directly owns 4,595 shares in the company, valued at $868,133.35. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 3,967 shares of company stock valued at $729,487 over the last 90 days. 2.21% of the stock is currently owned by corporate insiders.

Federal Agricultural Mortgage Company Profile

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.