Federal Agricultural Mortgage's Preferred Stock Series G Yield Pushes Past 7%

Federal Agricultural Mortgage Corp's 4.875% Non-Cumul Preferred Stock Series G (AGM.PRG) was yielding above 7% based on a quarterly dividend annualized to $1.2188. Shares traded as low as $17.34 on the day, reflecting a market price that pushes current yield above the coupon rate. This is a security-specific pricing move with limited broader market implications.

Analysis

Federal Agricultural Mortgage Corp's 4.875% Non-Cumul Preferred Stock Series G (AGM.PRG) was yielding above 7% based on a quarterly dividend annualized to $1.2188. Shares traded as low as $17.34 on the day, reflecting a market price that pushes current yield above the coupon rate. This is a security-specific pricing move with limited broader market implications.