Four Corners Property Trust, Inc. (NYSE:FCPT – Get Free Report) announced a quarterly dividend on Tuesday, June 11th, Zacks reports. Stockholders of record on Friday, June 28th will be paid a dividend of 0.345 per share by the financial services provider on Monday, July 15th. This represents a $1.38 annualized dividend and a dividend yield of 5.64%. The ex-dividend date is Friday, June 28th.
Four Corners Property Trust has increased its dividend payment by an average of 3.6% annually over the last three years. Four Corners Property Trust has a payout ratio of 123.2% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Four Corners Property Trust to earn $1.68 per share next year, which means the company should continue to be able to cover its $1.38 annual dividend with an expected future payout ratio of 82.1%.
Four Corners Property Trust Stock Up 0.7 %
Shares of NYSE:FCPT opened at $24.47 on Thursday. The company has a quick ratio of 0.14, a current ratio of 0.14 and a debt-to-equity ratio of 0.40. Four Corners Property Trust has a 52-week low of $20.51 and a 52-week high of $27.60. The stock’s fifty day simple moving average is $24.21 and its 200-day simple moving average is $24.20. The company has a market capitalization of $2.25 billion, a P/E ratio of 22.87 and a beta of 1.05.
Insider Activity
Four Corners Property Trust Company Profile
FCPT, headquartered in Mill Valley, CA, is a real estate investment trust primarily engaged in the ownership, acquisition and leasing of restaurant and retail properties. The Company seeks to grow its portfolio by acquiring additional real estate to lease, on a net basis, for use in the restaurant and retail industries.
Recommended Stories
- Five stocks we like better than Four Corners Property Trust
- Profitably Trade Stocks at 52-Week Highs
- 7 Short Squeeze Stocks to Look Into for Your Portfolio
- Short Selling: How to Short a Stock
- Why Paychex Stock’s Dip is the Best Opportunity in Today’s Cycle
- CD Calculator: Certificate of Deposit Calculator
- Any Pullback in Tech May Signal a Rotation into These 3 Sectors
Receive News & Ratings for Four Corners Property Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Four Corners Property Trust and related companies with MarketBeat.com's FREE daily email newsletter.