On 12/30/13, Federal Agricultural Mortgage Corp.'s 5.875% Non-Cumulative Preferred Stock, Series A (AGM.PRA) will trade ex-dividend, for its quarterly dividend of $0.3672, payable on 1/17/14. As a percentage of AGM.PRA's recent share price of $19.70, this dividend works out to approximately 1.86%, so look for shares of AGM.PRA to trade 1.86% lower — all else being equal — when AGM.PRA shares open for trading on 12/30/13. On an annualized basis, the current yield is approximately 7.37%, which compares to an average yield of 5.97% in the "Financial" preferred stock category, according to Preferred Stock Channel.
Federal Agricultural Mortgage Corp.'s Non-Cumulative Preferred Stock, Series A Ex-Dividend Reminder - 12/30/13
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