AGM-D Federal Agricultural Mortgage Corporation 5.700% Non-Cumulative Preferred Series D
Dividends on the Preferred Stock shall be payable when, as, and if declared by the Board of Directors, on January 17, April 17, July 17 and October 17 of each year. Dividends on the Preferred Stock are non-cumulative, which means that if the Board of Directors of the Registrant has not declared a dividend before the applicable dividend payment date for any dividend period, such dividend will not be paid or cumulate, and the Registrant will have no obligation to pay dividends for such dividend period, whether or not dividends on the Preferred Stock are declared for any future dividend period. If the Registrant defaults on the payment of the equivalent of six quarters of declared dividends (regardless of whether such quarters are consecutive quarters), then the holders of the Preferred Stock will have the right to elect two observers to the Registrant’s Board of Directors. The Preferred Stock is subject to optional redemption by the Registrant on and after July 17, 2024. On and after that date, the Registrant may redeem the Preferred Stock for cash on any dividend payment date, in whole or in part, out of legally available funds. The redemption price will be $25.00 per share plus any declared and unpaid dividends through and including the redemption date. If the Registrant redeems less than all of the outstanding shares of the Preferred Stock, shares to be redeemed will be selected by lot or pro rata (as nearly as possible). This security was issued by Federal Agricultural Mortgage Corp Class C non-voting, whose common stock symbol is AGM.
$24.29 -0.48 (-1.94%)
As of 06/30/2022 16:00:02 EST IEX book CBOE book
Security Information
Category1: US Equity
Category2: Preferred stocks
Category3: Non-convertible
GICS sector: Financials
Industry: Credit Services
Index country: USA
Country of incorporation: USA
IPO date: 05/17/2019
Outstanding shares: 4,000,000
Average volume: 6,391
Market cap: $99,080,000
Current dividend yield: 5.75% calculation
Coupon rate: 5.700%
Cumulative: No
Liquidation value: $25.00
Callable after: 07/17/2024
Maturity date: n/a - perpetual
Prospectus: Read on SEC.gov
All SEC filings: SEC Edgar Online
Quarterly filings: 10-Q
Annual filings: 10-K
Sedol: BK6S6K9