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Federal Agricultural Mortgage Corp. (AGM) has issued an update.
Farmer Mac has announced its plan to redeem all outstanding shares of its 6.00% Series C Preferred Stock and declared a quarterly dividend for its common and preferred stocks. Common stockholders are set to receive $1.40 per share on June 28, 2024, while preferred stockholders will get dividends ranging from $0.3046875 to $0.375 per share on July 17, 2024. These financial moves underscore Farmer Mac’s commitment to its investors and point towards a strategic reshaping of its capital structure.
For a thorough assessment of AGM stock, go to TipRanks’ Stock Analysis page.