AgriBank Pays Quarterly Preferred Stock Dividend
Paid $1.7188/share on its 6.875% non-cumulative perpetual class A preferred stock
Today St. Paul-based AgriBank paid a quarterly cash dividend of $1.7188/share on its 6.875% non-cumulative perpetual class A preferred stock to holders of record as of June 1, 2014.
AgriBank issued $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 one of the largest banks within the national Farm Credit System, with more than $85 billion in total assets. Under the Farm Credit System's cooperative structure, AgriBank is owned by 17 affiliated Farm Credit Associations. The AgriBank District covers America's Midwest, a 15-state area stretching from Wyoming to Ohio and Minnesota to Arkansas. More than half of the nation's cropland is located within the AgriBank District, providing the Bank and its Association owners with exceptional expertise in production agriculture. For more information, visit www.AgriBank.com.