Slideshow Floating Rate Preferred Stocks

By Preferred Stock Channel Staff, updated Mon, November 11, 5:35 PM

#46. Federal Agricultural Mortgage Corp | 6.000% Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series C (NYSE:AGM.PRC) | 5.56% CURRENT YIELD

Premium to Liquidation Preference: 7.88%Average Premium in Category: 6.53%
Current Annualized Yield: 5.56%Average Yield in Category: 5.33%
Days Since Last Ex-Div Date: 38 | See Dividend History »Categorization: Financial

Alternate symbology:AGM-C, AGM-PC, AGMprC
Call Date:7/18/2024
Shares Offered:3,000,000
Liquidation Preference:$25
Recent Market Price:$26.97
Premium to Liquidation Preference:
(More Preferreds Trading at a Premium »)
$1.97 (7.88%)
Annualized Dividend:1.5
Recent Ex-Date:10/1/2019
Current Yield:5.56%
Original Coupon:6.000% per year from the original issue date to, and including, July 17, 2024, and thereafter, at a floating rate of three month U.S. dollar LIBOR on the applicable LIBOR Determination Date determined in the manner described below plus 3.26% per year of the liquidation preference of the Preferred Stock.
Pay Period:Quarterly
Pay Dates:17-Jan, 17-Apr, 17-Jul, 17-Oct
Federal Agricultural Mortgage provides a secondary market for a range of loans in rural America. Co.'s lines of business are: Farm & Ranch, which purchases eligible mortgage loans secured by first liens on agricultural real estate; U.S. Department of Agriculture Guarantees, which purchases the portions of certain agricultural, rural development, business and industry, and community facilities loans; Rural Utilities, which purchases of, and guarantees of securities backed by, eligible rural utilities loans; and Institutional Credit, which guarantees and purchases general obligations of lenders that are secured by pools of the types of loans eligible for purchase under its lines of business.


Open the AGM Information Page »
Federal Agricultural Mortgage Corp
Credit Services & Lending
Number of ETFs Holding AGM: 
24 (see which ones)
Total Market Value Held by ETFs: 
Total Market Capitalization: 
% of Market Cap. Held by ETFs: 

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Floating Rate Preferred Stocks - Slide 1 of 46 |

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