Federal Agricultural Mortgage's latest quarterly cash dividend of $1.4 per share was issued to shareholders on record before Mar 14, 2024. The dividend distribution stands at $4.7 per share annually, which comes to a dividend yield of 2.61%. The latest AGM dividend of $1.4 is an increase from the previous $1.1 payout, representing a growth of 27%.
AGM has a dividend yield of 2.61% which is lower than the Financial Services sector and the industry average. If we compare it with the Financial Services sector average of 3.56%, Federal Agricultural Mortgage's dividend yield is 27% lower. The historical 5-year average of AGM's dividend yield is 3.4%, which is more than the current one.
Federal Agricultural Mortgage has been paying dividends for the last 20 years. Our records show that AGM has distributed four quarterly dividends in the past year. The annualized dividend per share has an increase of 19% since twelve months ago. However with the price of the stock up by 35% from a year ago, the dividend yield has a decrease of 11%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| Mar 14, 2024 | Mar 28, 2024 | Feb 21, 2024 | $1.4 | normal |
| Dec 14, 2023 | Dec 29, 2023 | Nov 8, 2023 | $1.1 | normal |
| Sep 14, 2023 | Sep 29, 2023 | Aug 9, 2023 | $1.1 | normal |
| Jun 15, 2023 | Jun 30, 2023 | May 3, 2023 | $1.1 | normal |
| Mar 15, 2023 | Mar 31, 2023 | Feb 22, 2023 | $1.1 | normal |
| Dec 14, 2022 | Dec 30, 2022 | Nov 9, 2022 | $0.95 | normal |
| Sep 14, 2022 | Sep 30, 2022 | Aug 10, 2022 | $0.95 | normal |
| Jun 14, 2022 | Jun 30, 2022 | May 18, 2022 | $0.95 | normal |
| Mar 15, 2022 | Mar 31, 2022 | Feb 23, 2022 | $0.95 | normal |
| Dec 14, 2021 | Dec 31, 2021 | Nov 10, 2021 | $0.88 | normal |
| Sep 14, 2021 | Sep 30, 2021 | Aug 11, 2021 | $0.88 | normal |
| Jun 14, 2021 | Jun 30, 2021 | Jun 1, 2021 | $0.88 | normal |
| Mar 15, 2021 | Mar 31, 2021 | Feb 23, 2021 | $0.88 | normal |
| Dec 14, 2020 | Dec 31, 2020 | Nov 11, 2020 | $0.8 | normal |
| Sep 15, 2020 | Sep 30, 2020 | Aug 27, 2020 | $0.8 | normal |
| Jun 12, 2020 | Jun 30, 2020 | May 29, 2020 | $0.8 | normal |
| Mar 13, 2020 | Mar 31, 2020 | Feb 24, 2020 | $0.8 | normal |
| Dec 13, 2019 | Dec 31, 2019 | Nov 14, 2019 | $0.7 | normal |
| Sep 13, 2019 | Sep 30, 2019 | Aug 7, 2019 | $0.7 | normal |
| Jun 13, 2019 | Jun 28, 2019 | May 17, 2019 | $0.7 | normal |
| Mar 14, 2019 | Mar 29, 2019 | Feb 19, 2019 | $0.7 | normal |
| Dec 13, 2018 | Dec 31, 2018 | Oct 31, 2018 | $0.58 | normal |
| Sep 13, 2018 | Sep 28, 2018 | Aug 2, 2018 | $0.58 | normal |
| Jun 14, 2018 | Jun 29, 2018 | May 2, 2018 | $0.58 | normal |
| Mar 16, 2018 | Mar 30, 2018 | Feb 28, 2018 | $0.58 | normal |
| Dec 14, 2017 | Dec 29, 2017 | Nov 1, 2017 | $0.36 | normal |
| Sep 14, 2017 | Sep 29, 2017 | Aug 3, 2017 | $0.36 | normal |
| Jun 13, 2017 | Jun 30, 2017 | May 3, 2017 | $0.36 | normal |
| Mar 16, 2017 | Mar 31, 2017 | Mar 1, 2017 | $0.36 | normal |
| Dec 14, 2016 | Dec 31, 2016 | Nov 2, 2016 | $0.26 | normal |
| Sep 13, 2016 | Sep 30, 2016 | Aug 3, 2016 | $0.26 | normal |
| Jun 13, 2016 | Jun 30, 2016 | $0.26 | normal |
AGM has a payout ratio of 29.4% which is lower than the Financial Services sector and the industry average. If we compare it with the Financial Services sector average of 39.5%, Federal Agricultural Mortgage's payout ratio is 26% lower.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| ZION Zions Bancorporation National Association | 4.11% | $1.64 | 37.7% |
| AGM Federal Agricultural Mortgage Corp | 2.56% | $4.7 | 29.4% |
| SLM SLM Corp | 2.09% | $0.44 | 18% |
| PFSI PennyMac Financial Services Inc | 0.91% | $0.8 | 27.7% |
Yes, Federal Agricultural Mortgage has paid four dividends in the last twelve months. AGM has been paying dividends since 2004.
At this point we don't have a record of AGM's next dividend date, but based on the current dividend schedule we project that it will likely be in June 2024.
Federal Agricultural Mortgage's last dividend ex-date was on Mar 14, 2024. The dividend amount was $1.4 per share.
On an annual basis AGM pays $4.7 per share.
The current dividend yield of Federal Agricultural Mortgage is 2.61%.
Federal Agricultural Mortgage has a quarterly dividend frequency.
The dividend payout ratio of Federal Agricultural Mortgage is 29.4%.
Federal Agricultural Mortgage's dividend yield is less than the Financial Services sector average.