Farmland Partners Inc. to Issue Special Dividend of $0.20 (NYSE:FPI)

Farmland Partners Inc. (NYSE:FPI) announced a special dividend on Monday, December 15th. Stockholders of record on Tuesday, December 23rd will be paid a dividend of 0.20 per share by the financial services provider on Wednesday, January 7th. The ex-dividend date of this dividend is Tuesday, December 23rd.

Farmland Partners has increased its dividend by an average of 0.5%per year over the last three years. Farmland Partners has a payout ratio of 150.0% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.

Farmland Partners Stock Down 0.0%

Shares of NYSE:FPI traded down $0.01 during midday trading on Monday, reaching $10.09. 684,213 shares of the company were exchanged, compared to its average volume of 410,139. The firm has a market cap of $434.66 million, a PE ratio of 8.40 and a beta of 0.76. Farmland Partners has a fifty-two week low of $9.36 and a fifty-two week high of $12.87. The stock has a fifty day simple moving average of $9.99 and a two-hundred day simple moving average of $10.70.

Farmland Partners (NYSE:FPI) last announced its earnings results on Wednesday, October 29th. The financial services provider reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.01. The firm had revenue of $11.25 million during the quarter, compared to analyst estimates of $10.59 million. Farmland Partners had a net margin of 130.10% and a return on equity of 14.37%. Farmland Partners has set its FY 2025 guidance at 0.320-0.360 EPS. As a group, analysts forecast that Farmland Partners will post 0.13 earnings per share for the current year.

About Farmland Partners

Farmland Partners Inc is an internally managed real estate company that owns and seeks to acquire high-quality North American farmland and makes loans to farmers secured by farm real estate. As of December 31, 2023, the Company owns and/or manages approximately 171,100 acres in 16 states, including Arkansas, California, Colorado, Florida, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Nebraska, North Carolina, Oklahoma, South Carolina and Texas.