PreferredStockChannel

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

Series:C
Alternate symbology:AGM-C, AGM-PC, AGMprC
Redeemable?:Yes
Call Date:7/18/2024
Perpetual?:Yes
Cumulative?:No
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.

Preferreds: AGM.PRA, AGM.PRB, AGM.PRC


Open the AGM Information Page »
Name: 
Federal Agricultural Mortgage Corp
Sector: 
Credit Services & Lending
Number of ETFs Holding AGM: 
24 (see which ones)
Total Market Value Held by ETFs: 
$62,502,545
Total Market Capitalization: 
$764,000,000
% of Market Cap. Held by ETFs: 
8.18%

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