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

Four Corners Property Trust, Inc. (NYSE:FCPT) declared a quarterly dividend on Monday, November 10th. Shareholders of record on Wednesday, December 31st will be given 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 6.3%. 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 raised its dividend payment by an average of 0.0%annually over the last three years and has raised its dividend every year for the last 5 years. Four Corners Property Trust has a 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 $1.77 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 82.5%.

Four Corners Property Trust Price Performance

Shares of FCPT stock opened at $23.44 on Monday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.12 and a current ratio of 0.12. The firm has a market cap of $2.49 billion, a P/E ratio of 21.51 and a beta of 0.86. The business’s 50 day moving average price is $23.76 and its 200-day moving average price is $25.09. Four Corners Property Trust has a fifty-two week low of $22.80 and a fifty-two week high of $29.81.

Four Corners Property Trust (NYSE:FCPT) last released 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. Four Corners Property Trust had a net margin of 38.04% and a return on equity of 7.39%. The business had revenue of $74.15 million for the quarter, compared to analysts’ expectations of $71.86 million. During the same quarter in the previous year, the business posted $0.43 earnings per share. The firm’s revenue for the quarter was up 10.9% compared to the same quarter last year. On average, equities research analysts anticipate that Four Corners Property Trust will post 1.68 earnings per share 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.