Four Corners Property Trust, Inc. (FCPT) to Issue Quarterly Dividend of $0.37 on July 15th

Four Corners Property Trust, Inc. (NYSE:FCPT) declared a quarterly dividend on Monday, June 8th. Stockholders of record on Tuesday, June 30th will be paid a dividend of 0.3665 per share by the financial services provider on Wednesday, July 15th. This represents a c) dividend on an annualized basis and a dividend yield of 5.9%. The ex-dividend date is Tuesday, June 30th.

Four Corners Property Trust has decreased its dividend 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 dividend 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. Equities 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 Trading Up 1.9%

Shares of FCPT stock opened at $24.95 on Wednesday. Four Corners Property Trust has a fifty-two week low of $22.78 and a fifty-two week high of $28.11. The stock has a market cap of $2.74 billion, a P/E ratio of 22.28 and a beta of 0.80. The business has a fifty day simple moving average of $24.80 and a 200-day simple moving average of $24.50. The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 0.35.

Four Corners Property Trust (NYSE:FCPT) last announced its quarterly earnings results on Wednesday, April 29th. The financial services provider reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.14). Four Corners Property Trust had a net margin of 38.74% and a return on equity of 7.38%. The firm had revenue of $78.17 million during the quarter, compared to analysts’ expectations of $73.34 million. During the same quarter in the prior year, the business earned $0.44 EPS. The company’s quarterly revenue was up 9.4% compared to the same quarter last year. On average, analysts forecast that Four Corners Property Trust will post 1.75 earnings per share for the current fiscal 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.