Farmland Partners Inc. Plans Quarterly Dividend of $0.09 (NYSE:FPI)

Farmland Partners Inc. (NYSE:FPI) announced a quarterly dividend on Tuesday, July 28th. Stockholders of record on Thursday, October 1st will be given a dividend of 0.09 per share by the financial services provider on Thursday, October 15th. This represents a c) annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend is Thursday, October 1st.

Farmland Partners has increased its dividend payment by an average of 0.2%annually over the last three years. Farmland Partners has a payout ratio of 225.0% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Farmland Partners to earn $0.28 per share next year, which means the company may not be able to cover its $0.36 annual dividend with an expected future payout ratio of 128.6%.

Farmland Partners Price Performance

NYSE:FPI opened at $9.51 on Thursday. The company has a market capitalization of $414.78 million, a PE ratio of 16.40 and a beta of 0.67. The firm’s 50-day moving average price is $9.88 and its 200-day moving average price is $10.88. Farmland Partners has a 1-year low of $9.36 and a 1-year high of $13.23.

Farmland Partners (NYSE:FPI) last announced its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.01. Farmland Partners had a return on equity of 6.48% and a net margin of 57.94%.The firm had revenue of $5.71 million for the quarter, compared to the consensus estimate of $5.64 million. Farmland Partners has set its FY 2026 guidance at 0.310-0.350 EPS. Equities analysts anticipate that Farmland Partners will post 0.26 EPS for the current fiscal year.

About Farmland Partners

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.