Federal Agricultural Mortgage (NYSE:AGM – Get Free Report) posted its quarterly earnings results on Monday. The credit services provider reported $3.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.94 by $0.02, Yahoo Finance reports. Federal Agricultural Mortgage had a return on equity of 22.68% and a net margin of 14.13%. During the same period in the previous year, the company earned $3.56 EPS.
Federal Agricultural Mortgage Stock Down 0.1 %
Shares of NYSE:AGM opened at $185.11 on Tuesday. The firm has a 50 day simple moving average of $187.50 and a 200 day simple moving average of $179.34. The company has a market cap of $2.01 billion, a PE ratio of 11.72 and a beta of 1.08. Federal Agricultural Mortgage has a 52 week low of $122.96 and a 52 week high of $199.40. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.46 and a current ratio of 0.46.
Federal Agricultural Mortgage Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were issued a dividend of $1.40 per share. This represents a $5.60 annualized dividend and a yield of 3.03%. The ex-dividend date of this dividend was Thursday, March 14th. This is an increase from Federal Agricultural Mortgage’s previous quarterly dividend of $1.10. Federal Agricultural Mortgage’s payout ratio is presently 35.42%.
About Federal Agricultural Mortgage
Federal Agricultural Mortgage Corporation provides a secondary market for various loans made to borrowers in the United States. It operates through four segments: Corporate AgFinance, Farm & Ranch, Rural Utilities, and Renewable Energy. The company's Agricultural Finance line of business engages in purchasing and retaining eligible loans and securities; guaranteeing the payment of principal and interest on securities that represent interests in or obligations secured by pools of eligible loans; servicing eligible loans; and issuing LTSPCs for eligible loans.
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