A Bumper Yield for Federal Agricultural Mortgage’s Preferred Stock, Series F

Climbing above the 6% yield threshold, Federal Agricultural Mortgage Corp’s 5.25% Non-Cumul Preferred Stock, Series F (Symbol: AGM.PRF) displayed strength in Monday’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 “Financial” 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 “Financial” category (standing at 9.81%), underscored the stock’s intriguing valuation proposition. It’s a reminder for investors to tread carefully, bearing in mind that these shares are non-cumulative – 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 stock’s dividend history, below lies a chart illustrating the past dividend payments concerning Federal Agricultural Mortgage Corp’s 5.25% Non-Cumul Preferred Stock, Series F:

Market Reflections and Movements

In the realm of Monday’s trading, Federal Agricultural Mortgage Corp’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:

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

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