On 3/31/14, 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 4/17/14. As a percentage of AGM.PRA's recent share price of $22.65, this dividend works out to approximately 1.62%, so look for shares of AGM.PRA to trade 1.62% lower — all else being equal — when AGM.PRA shares open for trading on 3/31/14. On an annualized basis, the current yield is approximately 6.49%, which compares to an average yield of 5.69% in the "Financial" preferred stock category, according to Preferred Stock Channel.
Ex-Div Reminder for Federal Agricultural Mortgage Corp.'s 5.875% Non-Cumulative Preferred Stock, Series A
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.