Fannie Mae said Wednesday it won approval from its conservator to pay previously announced dividends on Sept. 30.
When the Federal Housing Finance Agency placed Fannie and Freddie Mac into conservatorship on Sunday, it barred dividend payments on common and preferred stock. But Fannie had already announced on Aug. 8 that it would pay a common dividend totaling five cents a share for the second quarter. That was down from the 35 cents a share it paid for the first quarter.
Although the Finance Agency will allow the second-quarter dividend to be paid, Fannie stressed Wednesday that further payments to shareholders are suspended.
