Fed Agricult. Mortg. (AGM) Raises Quarterly Dividend 62.5% to $0.26; 3.2% Yield
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Farmer Mac Reports 2015 Results and Announces Dividend Increase
March 10, 2016 8:01 AM ESTWASHINGTON, March 10, 2016 /PRNewswire/ -- The Federal Agricultural Mortgage Corporation (Farmer Mac; NYSE: AGM and AGM.A) today announced its results for the fiscal quarter and year ended December 31, 2015, which included $1.3 billion in net new business volume growth in 2015 that brought total outstanding business volume to a record $15.9 billion as of December 31, 2015. Farmer Mac's 2015 core earnings, a non-GAAP measure, were $47.0 million ($4.15 per diluted common share), compared to $53.0 million ($4.67 per diluted common share) in 2014. For fourth quarter 2015, core earnings were $13.1 million ($1.17 per diluted common share), compared to $13.2 million ($1.17 per diluted common share) for third quarter 2015, and $9.5 million ($0.84 per... More
