Four Corners Property Trust, Inc. (NYSE:FCPT) Declares Monthly Dividend of $0.12

Four Corners Property Trust, Inc. (NYSE:FCPT) announced a monthly dividend on Monday, June 8th. Shareholders of record on Wednesday, September 30th will be given a dividend of 0.1222 per share by the financial services provider on Thursday, October 15th. This represents a c) dividend on an annualized basis and a yield of 6.0%. The ex-dividend date of this dividend is Wednesday, September 30th.

Four Corners Property Trust has decreased its dividend by an average of 0.0%annually over the last three years and has increased its dividend annually for the last 5 consecutive years. Four Corners Property Trust has a payout ratio of 127.0% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Four Corners Property Trust to earn $1.83 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 79.8%.

Four Corners Property Trust Stock Down 0.9%

FCPT stock opened at $24.49 on Tuesday. Four Corners Property Trust has a 12-month low of $22.78 and a 12-month high of $28.11. The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 0.35. The company has a market cap of $2.69 billion, a price-to-earnings ratio of 21.86 and a beta of 0.80. The company has a 50 day moving average of $24.78 and a two-hundred day moving average of $24.49.

Four Corners Property Trust (NYSE:FCPT) last released its quarterly earnings results on Wednesday, April 29th. The financial services provider reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.14). The business had revenue of $78.17 million for the quarter, compared to the consensus estimate of $73.34 million. Four Corners Property Trust had a net margin of 38.74% and a return on equity of 7.38%. The firm’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.44 EPS. On average, equities analysts anticipate that Four Corners Property Trust will post 1.75 earnings per share for the current fiscal year.

About Four Corners Property Trust

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.