By Elias Schisgall
The Federal Agricultural Mortgage Corporation is increasing its quarterly dividend by 7% to $1.60 a share, up from $1.50 a share.
The agricultural secondary mortgage market company, also known as Farmer Mac, said Thursday that the increase was supported by the company's capital position and its previous and projected earnings growth.
The new payout, equal to $6.40 a year, represents a 3.7% annual yield based on the company's Thursday closing price of $174.04.
The dividend will be paid on March 31 to shareholders of record as of March 16.
Write to Elias Schisgall at elias.schisgall@wsj.com
(END) Dow Jones Newswires
February 19, 2026 17:25 ET (22:25 GMT)
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