Farmland Partners Inc. (FPI) to Issue Quarterly Dividend of $0.06 on April 15th

Farmland Partners Inc. (NYSE:FPI) declared a quarterly dividend on Tuesday, February 18th, Wall Street Journal reports. Investors of record on Tuesday, April 1st will be given a dividend of 0.06 per share by the financial services provider on Tuesday, April 15th. This represents a $0.24 annualized dividend and a dividend yield of 2.15%. The ex-dividend date of this dividend is Tuesday, April 1st.

Farmland Partners has increased its dividend by an average of 71.0% per year over the last three years. Farmland Partners has a payout ratio of 200.0% 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 Down 0.0 %

NYSE FPI opened at $11.16 on Friday. The firm has a market cap of $513.02 million, a price-to-earnings ratio of 11.16 and a beta of 0.66. Farmland Partners has a 12-month low of $9.70 and a 12-month high of $12.87. The company has a 50-day simple moving average of $11.48 and a two-hundred day simple moving average of $11.52.

Farmland Partners (NYSE:FPI) last posted its earnings results on Wednesday, February 19th. The financial services provider reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.02. Farmland Partners had a return on equity of 11.47% and a net margin of 102.89%. The company had revenue of $21.47 million for the quarter, compared to analysts’ expectations of $20.29 million. Equities analysts expect that Farmland Partners will post 0.13 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Farmland Partners from a “sell” rating to a “hold” rating in a research note on Friday, February 28th.

Farmland Partners Company Profile

Farmland Partners Inc is an internally managed real estate company that owns and seeks to acquire high-quality North American farmland and makes loans to farmers secured by farm real estate. As of December 31, 2023, the Company owns and/or manages approximately 171,100 acres in 16 states, including Arkansas, California, Colorado, Florida, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Nebraska, North Carolina, Oklahoma, South Carolina and Texas.