Federal Agricultural Mortgage Non-Cumulative Preferred Stock, Series A Ex-Dividend Reminder

On 12/30/14, 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 1/17/15. As a percentage of AGM.PRA's recent share price of $25.09, this dividend works out to approximately 1.46%, so look for shares of AGM.PRA to trade 1.46% lower — all else being equal — when AGM.PRA shares open for trading on 12/30/14. On an annualized basis, the current yield is approximately 6.00%, which compares to an average yield of 5.78% in the "Financial" preferred stock category, according to Preferred Stock Channel.

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As of last close, AGM.PRA was trading at a 2.00% discount to its liquidation preference amount, versus the average premium of 0.11% 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 dividends prior to the most recent $0.3672 on Federal Agricultural Mortgage Corp's 5.875% Non-Cumulative Preferred Stock, Series A:

AGM.PRA+Dividend+History+Chart

In Friday trading, Federal Agricultural Mortgage Corp's 5.875% Non-Cumulative Preferred Stock, Series A ( AGM.PRA) is currently up about 2.4% on the day, while the common shares ( AGM) are down about 1.2%.

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