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 is Tuesday, December 23rd.

Farmland Partners has raised its dividend payment 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 Price Performance

Shares of FPI traded down $0.01 during trading hours on Monday, hitting $10.09. The stock had a trading volume of 684,213 shares, compared to its average volume of 410,139. The stock has a market capitalization of $434.66 million, a price-to-earnings ratio of 8.40 and a beta of 0.76. The company’s fifty day moving average is $9.99 and its two-hundred day moving average is $10.70. Farmland Partners has a 52 week low of $9.36 and a 52 week high of $12.87.

Farmland Partners (NYSE:FPI) last released its quarterly earnings results on Wednesday, October 29th. The financial services provider reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.01. The firm had revenue of $11.25 million for 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. Equities analysts predict that Farmland Partners will post 0.13 EPS for the current fiscal 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.