Federal Agricultural Mortgage's Preferred Stock, Series B Crosses Above 6% Yield Territory
September 29, 2016 at 14:41 PM EDT
In trading on Thursday, shares of Federal Agricultural Mortgage Corp's 6.875% Non-Cumulative Preferred Stock, Series B (AGM. RB) were yielding above the 6% mark based on its quarterly dividend (annualized to $1.7188), with shares changing hands as low as $26.69 on the day.