Freddie Mac 2005 Annual Report Download - page 11

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To put it simply, Freddie Mac’s financial strength is beyond question.
Reflecting our strong capital position and confidence in Freddie Mac’s long-term business
prospects, we raised the amount of capital returned to shareholders twice in 2005, through
dividend increases in March and December. Our senior management is acutely aware that
putting shareholder capital to work is a major priority. Since year-end 2003, our quarterly
common stock dividend has grown by 81 percent.
And our business is growing, too — with 2005 bringing
expansion in key areas. Growth in our share of the market.
Growth in our mortgage portfolio. Growth in our product line and
ability to serve lender needs. Growth in customer satisfaction.
Results like these from across the company reflect Freddie
Mac’s business strengths in 2005, as we continued to build
long-term shareholder value and deliver on our charter mission
as a leader in the secondary mortgage market.
Much of Freddie Mac’s progress is the result of a new, integrated focus on customers.
We improved customer service, diversified our lender base and increased our share with
key business partners. And we enhanced our value proposition for customers by expanding
the types of mortgages we guarantee and launching new products to meet evolving needs.
Abundant capital. Disciplined risk management. Strong customer relationships.
An established franchise in a defined and growing market. These are Freddie Mac’s
continuing strengths. n
Freddie Mac has
benefited shareholders
by increasing its common
stock dividend significantly
over the past three years.
(Dividends per common share)
$1.52
$1.20
$1.04
200520042003
Freddie Mac’s solid
business strength grows
from its company-
wide commitment to
shareholders, customers
and homebuyers.