Farmer Mac Declares Quarterly Dividends on Common and Preferred Stock
WASHINGTON, April 10 /PRNewswire-FirstCall/ -- The Board of Directors
of the Federal Agricultural Mortgage Corporation (Farmer Mac) has declared
a quarterly dividend on the Corporation's three classes of common stock -
Class A Voting Common Stock (NYSE: AGM.A), Class B Voting Common Stock (not
listed on any exchange), and Class C Non-Voting Common Stock (NYSE: AGM).
The quarterly dividend of $0.10 per share of common stock will be payable
on June 30, 2006 to holders of record of common stock as of June 15, 2006.
Farmer Mac's Board of Directors has also declared a quarterly dividend
on the Corporation's 6.40% Cumulative Preferred Stock, Series A, which is
not listed on any exchange. The quarterly dividend of $0.80 per share of
preferred stock is for the period from April 1, 2006 through June 30, 2006
and will be payable on June 30, 2006 to holders of record of preferred
stock as of June 20, 2006.
Farmer Mac is a stockholder-owned instrumentality of the United States
chartered by Congress to establish a secondary market for agricultural real
estate and rural housing mortgage loans, and to facilitate capital markets
funding for USDA-guaranteed farm program and rural development loans.
Additional information about Farmer Mac is available on Farmer Mac's
website at http://www.farmermac.com.
SOURCE Farmer Mac
Web Site: http://www.farmermac.com