WASHINGTON, Nov. 1, 2017 /PRNewswire/ -- The board of
directors of the Federal Agricultural Mortgage Corporation (Farmer
Mac) has declared a fourth 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 December 29, 2017 to holders of record of common
stock as of December 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
October 17, 2017 to and including
January 17, 2018. The preferred
stock dividends will be payable on January
17, 2018 to holders of record of preferred stock as of
January 2, 2018.
Additionally, Farmer Mac announced today that it will release
its financial results for the fiscal quarter ending September 30, 2017, on Thursday, November 9, 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