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Slideshow Preferreds Trading at the Largest Premiums

By Preferred Stock Channel Staff, updated Thu, December 2, 5:20 AM

#24. Federal Agricultural Mortgage Corp | 6.000% Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series C (NYSE:AGM.PRC) | 11.12% CURRENT PREMIUM

Premium to Liquidation Preference: 11.12%Average Premium in Category: 4.59%
Current Annualized Yield: 5.40%Average Yield in Category: 5.34%
Days Since Last Ex-Div Date: 31 | 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:$27.78
Premium to Liquidation Preference:
(More Preferreds Trading at a Premium »)
$2.78 (11.12%)
Annualized Dividend:1.5
Recent Ex-Date:12/31/2021
Current Yield:5.40%
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
CDx3 Compliance Rating: Learn AGM.PRC's Rating
Federal Agricultural Mortgage is engaged in providing a secondary market for a variety of loans made to borrowers in rural America. Co.'s secondary market activities include: purchasing eligible loans (including participations in eligible loans and revolving lines of credit) directly from lenders; purchasing general obligation securities that are issued by lenders and guaranteed by Co. and that are secured by eligible loans, which Co. refers to as AgVantage, a registered trademark of Co.; issuing securities guaranteed by Co. that represent interests in, or obligations secured by, pools of eligible loans; and providing long-term standby purchase commitments for eligible loans.

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


Open the AGM Information Page »
Name: 
Federal Agricultural Mortgage Corp
Sector: 
Credit Services & Lending
Number of ETFs Holding AGM: 
27 (see which ones)
Total Market Value Held by ETFs: 
$75,336,957.37
Total Market Capitalization: 
$1,134,000,000
% of Market Cap. Held by ETFs: 
6.64%

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