Farmland Partners Inc. (FPI) to Issue Special Dividend of $0.20 on January 7th

Farmland Partners Inc. (NYSE:FPI) announced a special dividend on Monday, December 15th. Investors of record on Tuesday, December 23rd will be given a dividend of 0.20 per share by the financial services provider on Wednesday, January 7th. The ex-dividend date of this dividend is Tuesday, December 23rd.

Farmland Partners has increased its dividend payment by an average of 0.5%annually over the last three years. Farmland Partners has a dividend payout ratio of 150.0% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.

Farmland Partners Stock Performance

Shares of FPI opened at $10.04 on Friday. The firm has a market cap of $432.85 million, a price-to-earnings ratio of 8.37 and a beta of 0.76. Farmland Partners has a fifty-two week low of $9.36 and a fifty-two week high of $12.87. The firm has a 50 day moving average price of $9.97 and a 200-day moving average price of $10.66.

Farmland Partners (NYSE:FPI) last released its earnings results on Wednesday, October 29th. The financial services provider reported $0.07 EPS for the quarter, beating the consensus estimate of $0.06 by $0.01. The company had revenue of $11.25 million for the quarter, compared to analyst estimates of $10.59 million. Farmland Partners had a net margin of 130.10% and a return on equity of 14.37%. Farmland Partners has set its FY 2025 guidance at 0.320-0.360 EPS. As a group, equities research analysts predict that Farmland Partners will post 0.13 earnings per share for the current year.

Farmland Partners Company Profile

Farmland Partners Inc is a real estate investment trust (REIT) that acquires and manages high-quality farmland in the United States. The company’s primary business activity is the ownership of agricultural land, which it leases to farmers under various rental arrangements designed to generate stable cash rents and long-term capital appreciation. By focusing on farmland as a real asset, the company seeks to benefit from rising global demand for food, fiber and renewable fuels.

Founded in 2013 and headquartered in Scottsdale, Arizona, Farmland Partners completed its initial public offering in June 2017 and began trading on the New York Stock Exchange under the ticker FPI.