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

Four Corners Property Trust, Inc. (NYSE:FCPT) announced a quarterly dividend on Monday, November 10th. Shareholders of record on Wednesday, December 31st will be paid a dividend of 0.3665 per share by the financial services provider on Thursday, January 15th. This represents a c) dividend on an annualized basis and a yield of 6.0%. The ex-dividend date is Wednesday, December 31st. This is a 3.2% increase from Four Corners Property Trust’s previous quarterly dividend of $0.36.

Four Corners Property Trust has increased its dividend payment by an average of 0.0%per year 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 123.5% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Four Corners Property Trust to earn $1.77 per share next year, which means the company should continue to be able to cover its $1.42 annual dividend with an expected future payout ratio of 80.2%.

Four Corners Property Trust Stock Up 1.6%

Four Corners Property Trust stock opened at $24.52 on Wednesday. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.39. The firm’s fifty day moving average price is $24.59 and its two-hundred day moving average price is $26.00. The firm has a market capitalization of $2.60 billion, a price-to-earnings ratio of 22.50 and a beta of 0.88. Four Corners Property Trust has a 1-year low of $23.05 and a 1-year high of $30.12.

Four Corners Property Trust (NYSE:FCPT) last announced its quarterly earnings results on Tuesday, October 28th. The financial services provider reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.02. The business had revenue of $74.15 million for the quarter, compared to analysts’ expectations of $71.86 million. Four Corners Property Trust had a net margin of 38.04% and a return on equity of 7.39%. The firm’s revenue for the quarter was up 10.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.43 EPS. On average, equities research analysts predict that Four Corners Property Trust will post 1.68 earnings per share for the current fiscal year.

Four Corners Property Trust Company Profile

Four Corners Property Trust, Inc engages in the owning, acquisition, and leasing of properties for use in the restaurant and food-service related industries. It operates through the Real Estate Operations and Restaurant Operations segments. The Real Estate Operations segment consists of rental revenues generated by leasing restaurant properties.