Federal Agricultural Mortgage Corporation (AGM-A)
Market Closed
15 Jun, 20:00
NYSE NYSE Primary $
140. 00
+1.6
+1.1561%
After Hours
$
+3.89 +2.7786% 143. 89
1.74B Market Cap
12.21 P/E Ratio
1.62% Div Yield
18 Volume
15.59 Eps
$ 138.4
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Federal Agricultural Mortgage: The 7% Yielding Preferred Stock Is A 'Strong Buy'
Federal Agricultural Mortgage demonstrates robust profitability, with Q1 net profit up nearly 20% to $59.1 million despite elevated loan loss provisions. Loan loss provisions have moderated from Q4 levels, and preferred dividends remain well covered, with a payout ratio just over 12% of net income. AGM's Series F preferred shares now yield nearly 7%, offering a favorable risk/reward profile versus Treasuries, with additional upside if called.
Seekingalpha | 4 weeks ago
