Published on 9 Mar 2024 on Simply Wall St. via Yahoo Finance

Federal Agricultural Mortgage (NYSE:AGM) Could Be A Buy For Its Upcoming Dividend

Federal Agricultural Mortgage Corporation (NYSE:AGM) stock is about to trade ex-dividend in four days. Typically, the ex-dividend date is one business day before the record date which is the date on which a company determines the shareholders eligible to receive a dividend. The ex-dividend date is an important date to be aware of as any purchase of the stock made on or after this date might mean a late settlement that doesn't show on the record date. Thus, you can purchase Federal Agricultural Mortgage's shares before the 14th of March in order to receive the dividend, which the company will pay on the 28th of March.

The company's next dividend payment will be US$1.40 per share, and in the last 12 months, the company paid a total of US$4.40 per share. Based on the last year's worth of payments, Federal Agricultural Mortgage stock has a trailing yield of around 3.0% on the current share price of US$185.16. We love seeing companies pay a dividend, but it's also important to be sure that laying the golden eggs isn't going to kill our golden goose! So we need to check whether the dividend payments are covered, and if earnings are growing.

Check out our latest analysis for Federal Agricultural Mortgage