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.As of last close, AGM.PRA was trading at a 20.28% discount to its liquidation preference amount. 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: Below is a dividend history chart for AGM.PRA, showing historical dividends prior to the most recent $0.3672 on Federal Agricultural Mortgage Corp.'s 5.875% Non-Cumulative Preferred Stock, Series A: In Thursday trading, Federal Agricultural Mortgage Corp.'s 5.875% Non-Cumulative Preferred Stock, Series A ( AGM.PRA) is currently off about 1.1% on the day, while the common shares ( AGM) are up about 1.6%.