Federal Agricultural Mortgage: Locking In 7.28% With Preferred Shares
Seeking Alpha highlights Federal Agricultural Mortgage's preferred shares, noting Series G yields 7.15% with strong dividend coverage. The company reported Q2 net income of $67M and core EPS up 13.5% year-over-year, with preferred dividends covered at a low 12% payout ratio.
Why it matters — The report emphasizes strong earnings growth and dividend coverage for AGM preferred shareholders, while noting manageable credit metrics despite rising loan loss provisions.