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Federal Agricultural Mortgage's Preferred Stock, Series A Yield Pushes Past 7.5%

In trading on Thursday, shares of Federal Agricultural Mortgage Corp.'s 5.875% Non-Cumulative Preferred Stock, Series A (AGM.PRA) were yielding above the 7.5% mark based on its quarterly dividend (annualized to $1.4688), with shares changing hands as low as $19.53 on the day. This compares to an average yield of 5.96% in the "Financial" preferred stock category, according to Preferred Stock Channel. As of last close, AGM.PRA was trading at a 20.88% discount to its liquidation preference amount, versus the average discount of 4.98% 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.PRA shares, versus AGM:

Performance Comparison Chart



Below is a dividend history chart for AGM.PRA, showing historical dividend payments on Federal Agricultural Mortgage Corp.'s 5.875% Non-Cumulative Preferred Stock, Series A:

AGM.PRA+Dividend+History+Chart



In Thursday trading, Federal Agricultural Mortgage Corp.'s 5.875% Non-Cumulative Preferred Stock, Series A (AGM.PRA) is currently down about 0.9% on the day, while the common shares (AGM) are down about 1%.

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