AgriBank Pays Quarterly Preferred Stock Dividend

AgriBank, a St. Paul-based financial institution, has announced the payment of its quarterly cash dividend on its 6.875 percent non-cumulative perpetual class A preferred stock. The dividend, totaling $1.7188 per share, was distributed to shareholders of record as of September 1, 2023.

The issuance of $250 million of preferred stock in 2013 has allowed AgriBank to secure long-term access to high-quality capital. This capital has played a crucial role in ensuring that the Bank and the 15-state Farm Credit District it serves are well-positioned to meet the long-term growth and credit needs of their farmer and rancher customers.

AgriBank is part of the customer-owned, nationwide Farm Credit System, with ownership primarily held by local Farm Credit Associations. These associations provide financial products and services to rural communities and agriculture. AgriBank serves as a funding source and provides financial solutions to these associations, collectively forming the AgriBank District. The District covers a 15-state area, spanning from Wyoming to Ohio and Minnesota to Arkansas.

For more information about AgriBank and its services, please visit their website at www.AgriBank.com.

Please note that any forward-looking statements in this press release are subject to uncertainty and changes in circumstances. Actual results may differ materially from expectations due to various risks and uncertainties. AgriBank’s annual report provides more information about these risks and uncertainties. The Bank is committed to providing updates or revisions to forward-looking statements as necessary, based on new information, future events, or other factors.