Federal Agricultural Mortgage Corp Declares Quarterly Dividends — $1.60 Common
$AGM · FEDERAL AGRICULTURAL MORTGAGE CORPResearch Summary
AI-generated summary of this SEC filing
Federal Agricultural Mortgage Corp Declares Quarterly Dividends — $1.60 Common
What Happened
Federal Agricultural Mortgage Corporation (Farmer Mac) filed an 8‑K on May 13, 2026, announcing that its Board declared quarterly dividends on all classes of common and preferred stock. The Board declared a common‑stock dividend of $1.60 per share payable June 30, 2026, to holders of record as of June 15, 2026. The Board also declared quarterly dividends on five series of preferred stock for the period (but not including) April 17, 2026 through (and including) July 17, 2026, payable July 17, 2026, to holders of record as of July 1, 2026. The filing includes a press release attached as Exhibit 99.
Key Details
- Filing date: May 13, 2026 (Form 8‑K).
- Common stock dividend: $1.60 per share payable June 30, 2026; record date June 15, 2026.
- Preferred stock quarterly dividends (per share, par/liquidation preference $25.00):
- Series D (5.700%): $0.3562500 per share
- Series E (5.750%): $0.3593750 per share
- Series F (5.250%): $0.3281250 per share
- Series G (4.875%): $0.3046875 per share
- Series H (6.500%): $0.4062500 per share
- Preferred dividends cover the period from (but not including) April 17, 2026, to (and including) July 17, 2026; payable July 17, 2026; record date July 1, 2026.
Why It Matters
These dividend declarations provide clear, scheduled cash distributions for both common and preferred shareholders and are material to income-focused investors evaluating near‑term cash returns. The common dividend ($1.60) and the specified preferred payouts reflect the Board’s current distribution policy for the quarter and set expectations for payments payable in late June and mid‑July 2026. The filing’s press release reiterates the same information for public distribution.