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AgriBank issues dividend
St. Paul-based AgriBank has paid a quarterly cash dividend of $1.7188 per share on its 6.87 percent non-cumulative perpetual “Class A” preferred stock to holders of record as of March 1st, 2015.
AgriBank issued $250 million of the preferred stock in October of 2013 to provide the Bank with long-term capital to serve its 15-state Farm Credit District.
AgriBank is owned by 17 affiliated Farm Credit Associations from Wyoming to Ohio and Minnesota to Arkansas. About half of the nation’s cropland is located in the AgriBank District.
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