Four Corners Property Trust, Inc. Announces Monthly Dividend of $0.12 (NYSE:FCPT)

Four Corners Property Trust, Inc. (NYSE:FCPT) declared a monthly dividend on Monday, June 8th. Shareholders of record on Monday, August 31st will be given a dividend of 0.1222 per share by the financial services provider on Tuesday, September 15th. This represents a c) annualized dividend and a yield of 6.0%. The ex-dividend date is Monday, August 31st.

Four Corners Property Trust has decreased its dividend payment by an average of 0.0%annually over the last three years and has raised its dividend annually for the last 5 consecutive years. Four Corners Property Trust has a payout ratio of 127.0% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Four Corners Property Trust to earn $1.83 per share next year, which means the company should continue to be able to cover its $1.46 annual dividend with an expected future payout ratio of 79.8%.

Four Corners Property Trust Stock Performance

FCPT stock opened at $24.49 on Tuesday. The business’s 50-day moving average price is $24.78 and its two-hundred day moving average price is $24.49. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.35. The firm has a market cap of $2.69 billion, a PE ratio of 21.86 and a beta of 0.80. Four Corners Property Trust has a 1-year low of $22.78 and a 1-year high of $28.11.

Four Corners Property Trust (NYSE:FCPT) last posted its earnings results on Wednesday, April 29th. The financial services provider reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.14). The business had revenue of $78.17 million for the quarter, compared to the consensus estimate of $73.34 million. Four Corners Property Trust had a return on equity of 7.38% and a net margin of 38.74%.The business’s revenue was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.44 earnings per share. As a group, research analysts forecast that Four Corners Property Trust will post 1.75 earnings per share for the current year.

About Four Corners Property Trust

Four Corners Property Trust is a publicly traded real estate investment trust focused on acquiring and managing single-tenant commercial properties subject to long-term, triple-net leases. The company targets industrial, manufacturing, distribution, office and retail facilities leased to creditworthy tenants. By concentrating on net-lease structures, Four Corners seeks to generate stable, predictable income streams and mitigate operating cost variability.

The firm’s core activities include sourcing off-market and broker-sourced acquisition opportunities, conducting rigorous credit and property due diligence, and structuring lease agreements that shift property taxes, insurance and maintenance expenses to tenants.