Business Context and Reporting Period
Company: Federal Agricultural Mortgage Corporation (Farmer Mac)
Filing Type: Form 8-K (Current Report)
Date of Report: May 14, 2025
Event: Declaration of quarterly dividends on common and preferred stock classes.
Key Financial Metrics
This filing reports dividend declarations rather than operational financial performance. No revenue, profit, cash flow, margin, debt, or liquidity metrics are provided in this document.
| Security Class | Dividend Per Share | Record Date | Payment Date |
|---|---|---|---|
| Class A, B, and C Common Stock | $1.50 | June 16, 2025 | June 30, 2025 |
| Series D Preferred (5.700%) | $0.35625 | July 1, 2025 | July 17, 2025 |
| Series E Preferred (5.750%) | $0.359375 | July 1, 2025 | July 17, 2025 |
| Series F Preferred (5.250%) | $0.328125 | July 1, 2025 | July 17, 2025 |
| Series G Preferred (4.875%) | $0.3046875 | July 1, 2025 | July 17, 2025 |
Note: Preferred stock dividends cover the period from April 17, 2025, to July 17, 2025. Par value and liquidation preference for preferred shares are $25.00.
Material Changes
The filing does not provide comparative financial data or discuss material changes in operations, revenue, or expenses versus prior periods. The primary change reported is the Board's declaration of the specific dividend amounts listed above.
Guidance, Outlook, and Risks
Management Commentary: The Board of Directors declared the dividends on May 14, 2025. Further details are referenced in an attached press release (Exhibit 99).
Guidance/Outlook: No forward-looking guidance or outlook is provided in this filing.
Risks/Contingencies: No specific risks or contingencies are disclosed in this document.
Investor Verification Checklist
- Verify the record dates (June 16, 2025 for common; July 1, 2025 for preferred) to ensure eligibility for the declared dividends.
- Confirm the payment dates (June 30, 2025 for common; July 17, 2025 for preferred) for cash flow planning.
- Review the attached press release (Exhibit 99) for any additional context regarding the dividend declaration not included in the 8-K text.
- Check subsequent filings for the company's quarterly financial results, as this 8-K does not contain operational performance data.