Four Corners Property Trust, Inc. (NYSE:FCPT) announced a quarterly dividend on Monday, November 13th, Wall Street Journal reports. Investors of record on Friday, December 29th will be paid a dividend of 0.275 per share by the financial services provider on Friday, January 12th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 4.25%. The ex-dividend date of this dividend is Thursday, December 28th. This is a boost from Four Corners Property Trust’s previous quarterly dividend of $0.24.

Four Corners Property Trust has a payout ratio of 70.8% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Four Corners Property Trust to earn $1.45 per share next year, which means the company should continue to be able to cover its $0.97 annual dividend with an expected future payout ratio of 66.9%.

Four Corners Property Trust (NYSE:FCPT) opened at $25.87 on Tuesday. Four Corners Property Trust has a 52-week low of $18.04 and a 52-week high of $26.39. The firm has a market capitalization of $1,580.08, a PE ratio of 19.27 and a beta of 0.09.

FCPT has been the subject of a number of research reports. BidaskClub cut Four Corners Property Trust from a “hold” rating to a “sell” rating in a research note on Thursday, September 28th. Ladenburg Thalmann Financial Services restated a “buy” rating on shares of Four Corners Property Trust in a research note on Friday, November 3rd. UBS AG upgraded Four Corners Property Trust from a “market perform” rating to an “outperform” rating in a research note on Tuesday, August 15th. Zacks Investment Research upgraded Four Corners Property Trust from a “hold” rating to a “buy” rating and set a $29.00 price target for the company in a research note on Tuesday, October 17th. Finally, Raymond James Financial, Inc. upgraded Four Corners Property Trust from a “market perform” rating to a “buy” rating and set a $26.00 price target for the company in a research note on Tuesday, August 15th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Four Corners Property Trust has a consensus rating of “Buy” and an average target price of $27.25.

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Four Corners Property Trust Company Profile

Four Corners Property Trust, Inc is a self-administered company and real estate investment trust (REIT), which owns, acquires and leases properties for use in the restaurant and food service related industries. The Company operates through two segments: real estate operations and restaurant operations.

Dividend History for Four Corners Property Trust (NYSE:FCPT)

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