AgriBank pays preferred stock quarterly dividend.
BANKING AND CREDIT NEWS-July 9, 2019-AgriBank pays preferred stock quarterly dividend
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St. Paul-based AgriBank paid a quarterly cash dividend of USD 1.7188 per share on its 6.875 percent non-cumulative perpetual class A preferred stock to holders of record as of June 1, 2019, the company said.
AgriBank issued USD 250 million of preferred stock on Oct. 29, 2013 to provide the Bank and the 15-state Farm Credit District it serves with long-term access to high-quality capital, helping ensure the District is well-positioned to meet the long-term growth and credit needs of farmer and rancher customers.
AgriBank is part of the customer-owned, nationwide Farm Credit System. Under Farm Credit's cooperative structure, AgriBank is primarily owned by 14 local Farm Credit Associations, which provide financial products and services to rural communities and agriculture. AgriBank obtains funds and provides funding and financial solutions to those Associations. The AgriBank District covers a 15-state area stretching from Wyoming to Ohio and Minnesota to Arkansas. For more information, visit www.AgriBank.com.
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|Publication:||M2 Banking & Credit News (BCN)|
|Date:||Jul 9, 2019|
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