Federal Agricultural Mortgage's Preferred Stock, Series B Shares Cross 6.5% Yield Mark

In trading on Wednesday, shares of Federal Agricultural Mortgage Corp's 6.875% Non-Cumulative Preferred Stock, Series B (AGM.PRB) were yielding above the 6.5% mark based on its quarterly dividend (annualized to $1.7188), with shares changing hands as low as $26.17 on the day. This compares to an average yield of 5.67% in the "Financial" preferred stock category, according to Preferred Stock Channel. As of last close, AGM.PRB was trading at a 6.00% premium to its liquidation preference amount, versus the average premium of 2.33% 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.PRB shares, versus AGM:

Performance Comparison Chart

Below is a dividend history chart for AGM.PRB, showing historical dividend payments on Federal Agricultural Mortgage Corp's 6.875% Non-Cumulative Preferred Stock, Series B:

AGM.PRB+Dividend+History+Chart

In Wednesday trading, Federal Agricultural Mortgage Corp's 6.875% Non-Cumulative Preferred Stock, Series B ( AGM.PRB) is currently down about 0.9% on the day, while the common shares ( AGM) are down about 1.7%.

More from Stocks

GE's $11.1 Billion Deal With Wabtec Should Have Warren Buffett Feeling Very Sad

GE's $11.1 Billion Deal With Wabtec Should Have Warren Buffett Feeling Very Sad

Global Stocks Rally as US-China Trade War Thaws; Dow Could Test 25,000

Global Stocks Rally as US-China Trade War Thaws; Dow Could Test 25,000

China Trade Truce, General Electric and Tesla - 5 Things You Must Know

China Trade Truce, General Electric and Tesla - 5 Things You Must Know

The Stock Market Has Every Reason to See a Fresh Rally

The Stock Market Has Every Reason to See a Fresh Rally

18 Top Stocks Hedge Funds Own That Goldman Sachs Thinks Will Keep Outperforming

18 Top Stocks Hedge Funds Own That Goldman Sachs Thinks Will Keep Outperforming