Four Corners Property Trust, Inc. (FCPT) To Go Ex-Dividend on September 30th

Four Corners Property Trust, Inc. (NYSE:FCPT) announced a monthly dividend on Monday, June 8th. Shareholders of record on Wednesday, September 30th will be paid a dividend of 0.1222 per share by the financial services provider on Thursday, October 15th. This represents a c) dividend on an annualized basis and a dividend yield of 5.9%. The ex-dividend date of this dividend is Wednesday, September 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% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research 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 Up 1.9%

Shares of NYSE:FCPT opened at $24.95 on Wednesday. The stock has a market capitalization of $2.74 billion, a price-to-earnings ratio of 22.28 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. The company’s fifty day moving average is $24.80 and its two-hundred day moving average is $24.50. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.15 and a current ratio of 0.15.

Four Corners Property Trust (NYSE:FCPT) last issued its 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). The business had revenue of $78.17 million for the quarter, compared to analyst estimates of $73.34 million. Four Corners Property Trust had a return on equity of 7.38% and a net margin of 38.74%.The firm’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same period last year, the company posted $0.44 earnings per share. Equities analysts anticipate that Four Corners Property Trust will post 1.75 EPS for the current year.

Four Corners Property Trust Company Profile

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.