Federal Agricultural Mortgage Raises Quarterly Common Stock Dividend By 27% From $1.10 To $1.40 Per Share
Portfolio Pulse from Benzinga Newsdesk
Federal Agricultural Mortgage (Farmer Mac) announced a 27% increase in its quarterly common stock dividend, from $1.10 to $1.40 per share, payable on March 28, 2024, to stockholders of record as of March 15, 2024.
February 23, 2024 | 1:07 pm
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Federal Agricultural Mortgage (Farmer Mac) has raised its quarterly dividend by 27%, from $1.10 to $1.40 per share, with the payment scheduled for March 28, 2024.
Increasing dividends is generally perceived as a sign of a company's financial health and confidence in future earnings. This significant increase in Farmer Mac's dividend is likely to be viewed positively by investors, potentially leading to a short-term increase in stock price due to perceived stability and profitability.
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