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Federal Agricultural Mortgage Corporation (AGM-A)

Market Closed
13 Oct, 08:00 PM
NYSE NYSE
$
142. 99
+2.12
+1.5049%
$
1.82B Market Cap
12.21 P/E Ratio
1.72% Div Yield
112 Volume
15.59 Eps
$ 140.87
Previous Close
Investors:
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Day Range
142.99 142.99
Year Range
115 176
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Federal Agricultural Mortgage: The 7% Yielding Preferred Stock Is A 'Strong Buy'

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 | 5 months ago