Federal Agricultural Mortgage Corporation
AGMFinancial Services · Credit Services · Stock · quarterly payer
Forward Yield
3.09%
Annual Dividend
$6.30
Payout Ratio
34%
5-Yr Growth
13.4%
Ex-Date
Sep 15, 2026
Frequency
Quarterly
Key facts about AGM's dividend
Data as of · Source: SmarterDividends data
- As of Oct 18, 2026, Federal Agricultural Mortgage Corporation (AGM) has a forward dividend yield of 3.09%, based on an annual dividend of $6.30 per share and a share price of $203.97.
- As of Oct 18, 2026, AGM's dividend safety grade from SmarterDividends is A (83 out of 100), which rates the dividend as very safe.
- By SmarterDividends' count, Federal Agricultural Mortgage Corporation (AGM) has raised its dividend for 14 consecutive years as of Oct 18, 2026.
- AGM last cut its regular dividend in 2009.
- AGM's most recent ex-dividend date was Sep 15, 2026, for a dividend of $1.60 per share.
- As of Oct 18, 2026, AGM pays out 34% of its trailing 12-month earnings as dividends (its payout ratio).
- AGM's dividend has grown at an average rate of 13.4% a year over the past five years.
- As of Oct 18, 2026, SmarterDividends' blended fair-value estimate for AGM is $291.45 per share, 43% above the $203.97 share price, so AGM screens as undervalued.
- Federal Agricultural Mortgage Corporation (AGM) pays its dividend quarterly, 4 times a year.
- Federal Agricultural Mortgage Corporation (AGM) has raised its regular dividend 15 times and cut it 1 time across the 88 payments on record since 2004. Its most recent change was a 6.7% increase to $1.60 per share, going ex-dividend on Mar 16, 2026. The last cut went ex-dividend on Mar 20, 2009.
Cite this page
SmarterDividends, "AGM Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 18, 2026, https://smarterdividends.com/stocks/AGM
Summary
As of Oct 18, 2026, Federal Agricultural Mortgage Corporation (AGM) yields 3.09% ($6.30 a year per share), has a dividend safety grade of A (83/100) and has 14 consecutive years of dividend increases on record.
Is AGM a good dividend stock?
YesFederal Agricultural Mortgage Corporation (AGM) pays a quarterly dividend yielding 3.09% ($6.30/yr), with 14 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Advantages
- 14 consecutive years of dividend growth
- Comfortable payout ratio (34%)
- Strong 13.4% 5-yr dividend growth
- 68% total price return over 5 years
- Top-tier dividend safety score
Risks
- Cut its dividend in 2009
Key Data
- Dividend Yield
- 3.09%
- Payout Ratio
- 34%
- Annual Dividend
- $6.30
- 5-Yr Avg Growth
- 13.4%
- Ex-Dividend Date
- Sep 15, 2026
- Years of Growth
- 14
- Frequency
- quarterly
- Beta
- 1.07
- Market Cap
- $2.2B
- P/E Ratio
- 11.2
- 5-Yr Total Return
- 68%
- 52-Week Range
- $136.57 – $248.29
- Dividend Safety
- A · 83/100
- Ever Cut?
- Yes (2009)
AGM dividend raises and cuts
Federal Agricultural Mortgage Corporation (AGM) has raised its regular dividend 15 times and cut it 1 time across the 88 payments on record since 2004. Its most recent change was a 6.7% increase to $1.60 per share, going ex-dividend on Mar 16, 2026. The last cut went ex-dividend on Mar 20, 2009.
| Ex-date | Change | Old → new | Move |
|---|---|---|---|
| Mar 16, 2026 | Raise | $1.50 → $1.60 | +6.7% |
| Mar 14, 2025 | Raise | $1.40 → $1.50 | +7.1% |
| Mar 14, 2024 | Raise | $1.10 → $1.40 | +27.3% |
| Mar 15, 2023 | Raise | $0.950 → $1.10 | +15.8% |
| Mar 15, 2022 | Raise | $0.880 → $0.950 | +8.0% |
| Mar 15, 2021 | Raise | $0.800 → $0.880 | +10.0% |
| Mar 13, 2020 | Raise | $0.700 → $0.800 | +14.3% |
| Mar 14, 2019 | Raise | $0.580 → $0.700 | +20.7% |
| Mar 16, 2018 | Raise | $0.360 → $0.580 | +61.1% |
| Mar 16, 2017 | Raise | $0.260 → $0.360 | +38.5% |
| Mar 17, 2016 | Raise | $0.160 → $0.260 | +62.5% |
| Mar 12, 2015 | Raise | $0.140 → $0.160 | +14.3% |
Show all 16 changes since 2009
| Ex-date | Change | Old → new | Move |
|---|---|---|---|
| Mar 13, 2014 | Raise | $0.120 → $0.140 | +16.7% |
| Mar 13, 2013 | Raise | $0.100 → $0.120 | +20.0% |
| Mar 13, 2012 | Raise | $0.0500 → $0.100 | +100.0% |
| Mar 20, 2009 | Cut | $0.100 → $0.0500 | −50.0% |
Frequently Asked Questions
Is AGM a good dividend stock?
Yes. Federal Agricultural Mortgage Corporation (AGM) pays a quarterly dividend yielding 3.09% ($6.30/yr), with 14 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Is AGM undervalued?
Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, AGM's fair value is about $291.45 versus a $203.97 share price — so it looks undervalued (+43% vs. fair value).
Is AGM's dividend safe?
AGM has a dividend-safety grade of A (83/100), based on its payout coverage, free-cash-flow, 14-year growth streak, a dividend cut in 2009, debt and yield-versus-history.
What is AGM's fair value?
Our blended fair-value estimate for AGM is about $291.45 per share, roughly 43% above the current $203.97 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.
Is AGM a buy, hold, or sell?
We don't issue formal ratings, but on the data AGM screens as "yes" and undervalued. Federal Agricultural Mortgage Corporation (AGM) pays a quarterly dividend yielding 3.09% ($6.30/yr), with 14 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding. This is research for your own analysis, not investment advice.
Will AGM cut its dividend?
AGM earns a dividend-safety grade of A (83/100), and has cut its dividend before (last in 2009). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.
Does AGM pay a dividend?
Yes. Federal Agricultural Mortgage Corporation pays a quarterly dividend of about $6.30 per share annually, a forward yield of roughly 3.09%.
What is AGM's dividend yield?
As of Oct 18, 2026, AGM's forward dividend yield is 3.09%, based on a $6.30 annual dividend and a $203.97 share price.
What is AGM's dividend per share?
As of Oct 18, 2026, AGM pays $6.30 per share per year, distributed on a quarterly basis.
What is AGM's dividend payout ratio?
As of Oct 18, 2026, AGM's payout ratio is 34% of trailing 12-month earnings — a comfortable level that leaves room to keep raising the dividend.
How many years has AGM grown its dividend?
As of Oct 18, 2026, AGM has increased its dividend for 14 consecutive years.
When is the next AGM ex-dividend date?
As of Oct 18, 2026, AGM's next ex-dividend date hasn't been announced. The most recent was Sep 15, 2026, for $1.60 per share.
AGM Price — Last 12 Months
Daily close
Price Return
1 Year
+19%
3 Years
+23%
5 Years
+68%
52-Week Range
$136.57 – $248.29
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is AGM worth?
Undervaluedlow confidenceOur blended fair-value estimate for Federal Agricultural Mortgage Corporation is $291.45 per share, versus a market price of $203.97. That implies 43% of upside — a margin of safety of about 30%.
Fair Value
$291.45
Current Price
$203.97
Upside
+43%
Margin of Safety
30%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
Assumptions: 9.7% discount rate (CAPM), 12.0% growth for five years fading to 2.5% over the next five, $18.28 EPS, $6.30 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
AGM Dividend Safety Score
Very Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
Full AGM dividend history →| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Sep 15, 2026 | Sep 30, 2026 | $1.6000 | regular |
| Jun 15, 2026 | Jun 30, 2026 | $1.6000 | regular |
| Mar 16, 2026 | Mar 31, 2026 | $1.6000 | regular |
| Dec 15, 2025 | Dec 31, 2025 | $1.5000 | regular |
| Sep 15, 2025 | Sep 30, 2025 | $1.5000 | regular |
| Jun 16, 2025 | Jun 30, 2025 | $1.5000 | regular |
| Mar 14, 2025 | Mar 31, 2025 | $1.5000 | regular |
| Dec 16, 2024 | Dec 31, 2024 | $1.4000 | regular |
| Sep 16, 2024 | Sep 30, 2024 | $1.4000 | regular |
| Jun 14, 2024 | Jun 28, 2024 | $1.4000 | regular |
| Mar 14, 2024 | Mar 28, 2024 | $1.4000 | regular |
| Dec 14, 2023 | Dec 29, 2023 | $1.1000 | regular |
| Sep 14, 2023 | Sep 29, 2023 | $1.1000 | regular |
| Jun 15, 2023 | Jun 30, 2023 | $1.1000 | regular |
Income Calculator
At $6.30 / yr per share
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