Farmland Partners Inc. (FPI) to Issue Quarterly Dividend of $0.09 on July 15th

Farmland Partners Inc. (NYSE:FPI) announced a quarterly dividend on Tuesday, April 28th. Shareholders of record on Wednesday, July 1st will be paid a dividend of 0.09 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 3.6%. The ex-dividend date of this dividend is Wednesday, July 1st.

Farmland Partners has raised its dividend by an average of 0.2%per year 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. Research 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 Trading Down 0.2%

Shares of FPI opened at $9.89 on Monday. The firm has a market capitalization of $431.58 million, a price-to-earnings ratio of 17.06 and a beta of 0.66. The firm’s fifty day simple moving average is $10.49 and its 200-day simple moving average is $10.93. Farmland Partners has a twelve month low of $9.36 and a twelve month high of $13.23.

Farmland Partners (NYSE:FPI) last issued its earnings results on Wednesday, April 29th. The financial services provider reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.03). Farmland Partners had a return on equity of 6.48% and a net margin of 57.94%.The firm had revenue of $10.10 million for the quarter, compared to analyst estimates of $5.67 million. Farmland Partners has set its FY 2026 guidance at 0.300-0.350 EPS. On average, analysts predict that Farmland Partners will post 0.26 earnings per share 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.