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AGM - Farmer Mac: Continues To Deliver Good Results
Federal Agricultural Mortgage Corporation
2024-02-25 01:31:24 ET
Summary
Federal Agricultural Mortgage Corporation announced its results for Q4 and the full year of 2023 that continue to look exceptionally strong.
Farmer Mac announced a 27% increase in its dividend, marking the 13th consecutive year of dividend growth, and the payout ratio remains low, indicating more room for growth.
Farmer Mac's full-year results showed strong growth in net core earnings, net effective spread, and book value, indicating a profitable year for the company.