WASHINGTON, May 3, 2017 /PRNewswire/ -- The board of
directors of the Federal Agricultural Mortgage Corporation (Farmer
Mac) has declared a second quarter dividend of $0.36 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, 2017 to holders of record of common stock as of
June 15, 2017.
Farmer Mac's board of directors has also declared a dividend on
each of Farmer Mac's three classes of preferred stock. The
quarterly dividend of $0.3672 per
share of 5.875% Non-Cumulative Preferred Stock, Series A (NYSE:
AGM.PR.A), $0.4297 per share of
6.875% Non-Cumulative Preferred Stock, Series B (NYSE: AGM.PR.B),
and $0.375 per share of 6.000%
Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series C
(NYSE: AGM.PR.C), is for the period from but not including
April 17, 2017 to and including
July 17, 2017. The preferred
stock dividends will be payable on July 17,
2017 to holders of record of preferred stock as of
July 3, 2017.
Additionally, Farmer Mac announced today that it will release
its financial results for the fiscal quarter ending March 31, 2017, on Wednesday, May 10, 2017, prior to the opening of
equity markets. A conference call to discuss the results will
be held that day at 11:00 a.m. eastern
time.
The conference call can be accessed by telephone or webcast as
follows:
Dial-In (Domestic): (888) 346-2616
Dial-In (International): (412) 902-4254
Webcast:
https://www.farmermac.com/investors/events-presentations/
Presentation materials to be referenced during the call will be
posted on the webpage that can be accessed by clicking on the link
noted above. When dialing in to the call, please ask for conference
chairman Tim Buzby. This call
can be heard live and will also be available for replay on Farmer
Mac's website at the link noted above following the conclusion of
the conference call.
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 premier 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 our low cost of funds,
low overhead costs, and high operational efficiency. In fact, we
are often able to provide the lowest cost of borrowing to
agricultural and rural borrowers. For more than a quarter-century,
Farmer Mac has been delivering the capital and commitment rural
America deserves. Additional information about Farmer Mac is
available on Farmer Mac's website at www.farmermac.com.
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SOURCE Farmer Mac