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| Federal Agricultural Mortgage's Preferred Stock Series G Shares Cross 6% Yield MarkBy Preferred Stock Channel Staff, Tuesday, February 20, 2:57 PM ET
In trading on Tuesday, shares of Federal Agricultural Mortgage Corp's 4.875% Non-Cumul Preferred Stock Series G (NYSE:AGM.PRG) were yielding above the 6% mark based on its quarterly dividend (annualized to $1.2188), with shares changing hands as low as $20.12 on the day. This compares to an average yield of 6.75% in the "Financial" preferred stock category, according to Preferred Stock Channel. As of last close, AGM.PRG was trading at a 18.68% discount to its liquidation preference amount, versus the average discount of 10.08% in the "Financial" category. Investors should keep in mind that the shares are not cumulative, meaning that in the event of a missed payment, the company does not have to pay the balance of missed dividends to preferred shareholders before resuming a common dividend. The chart below shows the one year performance of AGM.PRG shares, versus AGM:
Below is a dividend history chart for AGM.PRG, showing historical dividend payments on Federal Agricultural Mortgage Corp's 4.875% Non-Cumul Preferred Stock Series G:
Special Offer: Receive our best dividend ideas directly to your inbox each afternoon with the Dividend Channel Premium Newsletter In Tuesday trading, Federal Agricultural Mortgage Corp's 4.875% Non-Cumul Preferred Stock Series G (NYSE:AGM.PRG) is currently down about 0.8% on the day, while the common shares (NYSE:AGM) are off about 0.3%.
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