Farmer Mac: Continues To Deliver Good Results [Seeking Alpha]
Federal Agricultural Mortgage Corporation (AGM)
US:NYSE Investor Relations:
farmermac.com/investors
Company Research
Source: Seeking Alpha
Farmer Mac announced a 27% increase in its dividend, marking the 13th consecutive year of dividend growth, and the payout ratio remains low, indicating more room for growth. Farmer Mac's full-year results showed strong growth in net core earnings, net effective spread, and book value, indicating a profitable year for the company. I first covered Federal Agricultural Mortgage Corporation, also known as Farmer Mac ( NYSE: AGM ) several months ago in an article titled Farmer Mac: A Lot To Like About It where I referred to this company as a great dividend growth stock. Since my last article, the company announced quarterly results twice, there have been developments and the stock rose by about 25% in total returns (including dividends) but it still remains as a good long-term investment for dividend growth investors. Overall Update The company's most recent earnings report came on February 23rd which was last Friday. The company's net income of $4.10 per share beat estimates of $
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AGM
News
- Farmer Mac to Announce First Quarter 2024 Financial ResultsPR Newswire
- Federal Agricultural Mortgage's (NYSE:AGM) earnings growth rate lags the 23% CAGR delivered to shareholders [Yahoo! Finance]Yahoo! Finance
- Farmer Mac Closes $308.1 Million Securitization of Agricultural Mortgage-Backed Securities (AMBS)PR Newswire
- 3 Mortgage & Related Services Stocks to Buy on Industry Recovery [Yahoo! Finance]Yahoo! Finance
- Improve Your Retirement Income with These 3 Top-Ranked Dividend Stocks [Yahoo! Finance]Yahoo! Finance
AGM
Earnings
- 2/23/24 - Beat
AGM
Sec Filings
- 4/22/24 - Form 8-K
- 4/18/24 - Form DEFR14A
- 4/17/24 - Form 4
- AGM's page on the SEC website