2 weeks Ago By ABMN Staff
Farmland Partners Inc. ( NYSE:FPI – Get Free Report ) announced a quarterly dividend on Wednesday, July 24th, Zacks reports. Investors of record on Tuesday, October 1st will be paid a dividend of 0.
06 per share by the financial services provider on Tuesday, October 15th. This represents a $0.24 annualized dividend and a dividend yield of 2.
29%. The ex-dividend date of this dividend is Tuesday, October 1st. Farmland Partners has increased its dividend by an average of 47.
1% annually over the last three years and has increased its dividend every year for the last 3 years. Farmland Partners has a dividend payout ratio of 600.0% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.
Analysts expect Farmland Partners to earn $0.17 per share next year, which means the company may not be able to cover its $0.24 annual dividend with an expected future payout ratio of 141.
2%. Farmland Partners Price Performance Shares of NYSE FPI opened at $10.47 on Monday.
Farmland Partners has a one year low of $9.70 and a one year high of $13.12.
The business’s 50-day moving average price is $10.33 and its two-hundred day moving average price is $10.80.
The company has a market capitalization of $504.31 million, a P/E ratio of 20.53 and a beta of 0.
71. Insider Buying and Selling at Farmland Partners In related news, Director John A. Good purchased 24,000 shares of the firm’s stock in a transaction dated Wednesday, August 7th.
The stock was bought at an average price of $10.15 per share, for a total transaction of $243,600.00.
Following the purchase, the director now owns 86,465 shares in the company, valued at approximately $877,619.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link .
Corporate insiders own 8.30% of the company’s stock. Analyst Ratings Changes Separately, StockNews.
com lowered shares of Farmland Partners from a “hold” rating to a “sell” rating in a research note on Thursday, July 25th. Check Out Our Latest Stock Report on Farmland Partners About Farmland Partners ( Get Free Report ) 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.
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