By: Bob Meyer
Saint Paul-based AgriBank has announced a quarterly cash dividend of $1.7188 per share on its 6.875 percent non-cumulative perpetual Class A preferred stock to holders of record as of March 1, 2014.
AgriBank issued 2.5 million shares of preferred stock last October to provide the Bank with long-term capital.
With total assets exceeding $85 billion, AgriBank is owned by 17 Farm Credit Associations serving 15 states from Ohio to Wyoming and Minnesota to Arkansas.
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