Last $31.67 USD
Change Today -0.65 / -2.01%
Volume 20.3K
AGM On Other Exchanges
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As of 8:04 PM 03/4/15 All times are local (Market data is delayed by at least 15 minutes).

federal agric mtg corp-cl c (AGM) Snapshot

Open
$32.35
Previous Close
$32.32
Day High
$32.37
Day Low
$31.45
52 Week High
04/10/14 - $36.10
52 Week Low
01/28/15 - $26.12
Market Cap
339.3M
Average Volume 10 Days
16.2K
EPS TTM
$3.90
Shares Outstanding
9.4M
EX-Date
03/12/15
P/E TM
8.1x
Dividend
$0.64
Dividend Yield
1.77%
Current Stock Chart for FEDERAL AGRIC MTG CORP-CL C (AGM)

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federal agric mtg corp-cl c (AGM) Details

Federal Agricultural Mortgage Corporation provides a secondary market for various loans made to borrowers in the United States. The company operates in three segments: Farm & Ranch, USDA Guarantees, and Rural Utilities. The Farm & Ranch segment is engaged in purchasing and retaining eligible mortgage loans that are secured by first liens on agricultural real estate; providing advances against eligible mortgage loans by purchasing obligations secured by those loans; securitizing eligible mortgage loans, and guaranteeing the timely payment of principal and interest on securities representing interests in or obligations secured by pools of eligible mortgage loans; and providing long-term standby purchase commitments to acquire designated eligible mortgage loans. The USDA Guarantees segment is involved in purchasing portions of certain agricultural, rural development, business and industry, and community facilities loans guaranteed by the United States Department of Agriculture. The Rural Utilities segment purchases and guarantees securities that are backed by eligible rural utilities loans. Federal Agricultural Mortgage Corporation was founded in 1987 and is based in Washington, District of Columbia.

67 Employees
Last Reported Date: 03/13/14
Founded in 1987

federal agric mtg corp-cl c (AGM) Top Compensated Officers

Chief Executive Officer, President and Member...
Total Annual Compensation: $500.0K
Chief Financial Officer, Senior Vice Presiden...
Total Annual Compensation: $275.7K
Chief Operating Officer and Executive Vice Pr...
Total Annual Compensation: $417.1K
Senior Vice President, General Counsel and Se...
Total Annual Compensation: $307.4K
Compensation as of Fiscal Year 2013.

federal agric mtg corp-cl c (AGM) Key Developments

Federal Agricultural Mortgage Corp. Declares Quarterly Cash Dividend on Common Shares and Preferred Stock, Payable on March 31, 2015 and Payable on April 17, 2015 Respectively

Federal Agricultural Mortgage Corporation announced that it has increased the quarterly dividend paid on Farmer Mac's common stock by 14% from the previous quarter. The board of directors has declared a first quarter dividend of $0.16 per share on each of Farmer Mac's three classes of common stock – Class A Voting Common Stock, Class B Voting Common Stock, and Class C Non-Voting Common Stock. The quarterly dividend of $0.16 will be payable on March 31, 2015 to holders of record of common stock as of March 16, 2015. The board of directors has also declared a dividend on each of Farmer Mac's three classes of preferred stock – Series A Non-Cumulative Preferred Stock, Series B Non-Cumulative Preferred Stock, and Series C Fixed-to-Floating Rate Non-Cumulative Preferred Stock. The quarterly dividend of $0.3672 per share of Series A Non-Cumulative Preferred Stock, $0.4297 per share of Series B Non-Cumulative Preferred Stock, and $0.375 per share of Series C Fixed-to-Floating Rate Non-Cumulative Preferred Stock is for the period from but not including January 17, 2015 to and including April 17, 2015, and shall be payable on April 17, 2015 to holders of record of preferred stock as of April 2, 2015.

Federal Agricultural Mortgage Corp. Presents at Sterne Agee Financial Institutions Investor Conference 2015, Feb-11-2015

Federal Agricultural Mortgage Corp. Presents at Sterne Agee Financial Institutions Investor Conference 2015, Feb-11-2015 . Venue: Boca Raton Resort & Club, 501 East Camino Real, Boca Raton, FL 33432, United States.

Federal Agricultural Mortgage Corp. Appoints Curt Covington as Senior Vice President, Agricultural Finance

The Federal Agricultural Mortgage Corporation announced that Curt Covington will join the company as senior vice president, agricultural finance later this month. In his new role, Mr. Covington will lead Farmer Mac's business development efforts in its Farm & Ranch and USDA Guarantees business segments, as well as oversee the company's overall credit administration and underwriting functions. Before joining Farmer Mac, he served as managing director for the Ag and Rural Banking Division at San Francisco-based Bank of the West where he was responsible for managing the growth and performance of the bank's $2 billion agricultural loan portfolio. Mr. Covington has also held various management positions within the Farm Credit System and as a credit administrator with Rabobank.

 

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Valuation AGM Industry Range
Price/Earnings 8.1x
Price/Sales 3.9x
Price/Book 1.0x
Price/Cash Flow 5.8x
TEV/Sales NM Not Meaningful
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