Federal Agricultural Mortgage Corp. (AGM) Declares Quarterly Dividend of $0.14
Federal Agricultural Mortgage Corp. (NYSE:AGM) declared a quarterly dividend on Thursday, June 5th, Stock Ratings News reports. Shareholders of record on Monday, June 16th will be given a dividend of 0.14 per share on Monday, June 30th. This represents a $0.56 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date of this dividend is Thursday, June 12th.
A number of research firms have recently commented on AGM. Analysts at Keefe, Bruyette & Woods cut their price target on shares of Federal Agricultural Mortgage Corp. from $46.00 to $43.00 in a research note on Friday, May 16th. On the ratings front, analysts at Compass Point cut their price target on shares of Federal Agricultural Mortgage Corp. from $42.00 to $37.00 in a research note on Tuesday, May 13th. They now have a “buy” rating on the stock.
Federal Agricultural Mortgage Corp. (NYSE:AGM) traded up 2.09% on Thursday, hitting $31.20. 16,500 shares of the company’s stock traded hands. Federal Agricultural Mortgage Corp. has a 52-week low of $26.38 and a 52-week high of $36.77. The stock’s 50-day moving average is $33.00 and its 200-day moving average is $32.80. The company has a market cap of $340.8 million and a P/E ratio of 6.09.
Federal Agricultural Mortgage Corp. (NYSE:AGM) last announced its earnings results on Monday, May 12th. The company reported $0.97 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.16 by $0.19. The company had revenue of $30.34 million for the quarter, compared to the consensus estimate of $34.52 million. During the same quarter in the previous year, the company posted $1.01 earnings per share. On average, analysts predict that Federal Agricultural Mortgage Corp. will post $3.97 earnings per share for the current fiscal year.
The Federal Agricultural Mortgage Corporation (NYSE:AGM) is a stockholder-owned, federally chartered corporation that combines private capital and public sponsorship to serve a public purpose.
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