HomeMost PopularFederal Agricultural Mortgage's Preferred Stock, Series F Crosses Above 6% Yield Territory

Federal Agricultural Mortgage's Preferred Stock, Series F Crosses Above 6% Yield Territory

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Finding Value: Federal Agricultural Mortgageโ€™s Preferred Stock

A Bumper Yield for Federal Agricultural Mortgageโ€™s Preferred Stock, Series F

Climbing above the 6% yield threshold, Federal Agricultural Mortgage Corpโ€™s 5.25% Non-Cumul Preferred Stock, Series F (Symbol: AGM.PRF) displayed strength in Mondayโ€™s trade. With shares dipping as low as $21.81, investors witnessed a quarterly dividend of $1.3125. This development, stark against the backdrop of a robust 6.69% average yield in the โ€œFinancialโ€ preferred stock segment, caught the attention of market participants.

Discounts and Discernment

Notably, at the last close, AGM.PRF was positioned at a 12.40% discount to its liquidation preference amount. This figure, exceeding the average discount in the โ€œFinancialโ€ category (standing at 9.81%), underscored the stockโ€™s intriguing valuation proposition. Itโ€™s a reminder for investors to tread carefully, bearing in mind that these shares are non-cumulative โ€“ hence lacking the obligation to reconcile missed dividend payments before distributing common dividends.

Charting the Course: Dividend Trends for AGM.PRF

Providing a visual narrative of the stockโ€™s dividend history, below lies a chart illustrating the past dividend payments concerning Federal Agricultural Mortgage Corpโ€™s 5.25% Non-Cumul Preferred Stock, Series F:

AGM.PRF Dividend History Chart

Market Reflections and Movements

In the realm of Mondayโ€™s trading, Federal Agricultural Mortgage Corpโ€™s 5.25% Non-Cumul Preferred Stock, Series F (Symbol: AGM.PRF) experienced a slight decline of approximately 0.3% for the day. In comparison, the common shares (Symbol: AGM) mimicked this downtrend, slipping by about 1.3% during the same trading session.

Unlocking Opportunities

Piqued by this development? Venture further into the world of high-yielding preferred stocks by exploring the 50 top-ranking options. For those with an appetite for financial mirth, these ventures can be a playground of possibilities and potential.

Also see:

ย• Institutional Holders of INXX
ย• Top Ten Hedge Funds Holding SRHQ
ย• OPRA Stock Predictions

The musings shared here reflect the personal opinions of the author and may not necessarily mirror the views of Nasdaq, Inc.


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