Business Context and Reporting Period
This Form 8-K filing by Federal Agricultural Mortgage Corporation (Farmer Mac) reports events occurring on August 7, 2024. The registrant is a federally chartered instrumentality of the United States. The filing primarily addresses the declaration of quarterly dividends for its common and preferred stock classes.
Key Financial Metrics
This filing does not contain revenue, profit, cash flow, margin, debt, or liquidity metrics. It focuses exclusively on dividend declarations.
- Common Stock Dividend: $1.40 per share for Class A, Class B, and Class C common stock.
- Preferred Stock Dividends:
- Series D (5.700%): $0.35625 per share
- Series E (5.750%): $0.359375 per share
- Series F (5.250%): $0.328125 per share
- Series G (4.875%): $0.3046875 per share
- Preferred Stock Par Value: $25.00 per share for all series.
Material Changes
The filing does not provide comparative financial data or discuss material changes in operating results versus prior periods. The primary event is the Board of Directors' declaration of dividends, which is a routine corporate action.
Guidance, Outlook, and Risks
The filing contains no management commentary, forward-looking guidance, or discussion of risks and contingencies beyond the standard disclosure that website references are inactive. The document serves strictly to notify shareholders of the dividend declaration details.
Investor Verification Checklist
- Record Dates: Verify the record date for common stock is September 16, 2024, and for preferred stock is October 1, 2024.
- Payment Dates: Confirm common stock dividends are payable on September 30, 2024, and preferred stock dividends are payable on October 17, 2024.
- Dividend Period: Note that preferred dividends cover the period from July 17, 2024, to October 17, 2024.
- Stock Classes: Ensure holdings include the specific classes (Class A, B, C, or Series D, E, F, G) to receive the respective payouts.