Farmland Partners Inc (FPI) Plans Quarterly Dividend of $0.11
Farmland Partners (NYSE:FPI) declared a quarterly dividend on Tuesday, August 12th, Stock Ratings News reports. Stockholders of record on Wednesday, October 1st will be given a dividend of 0.105 per share on Wednesday, October 15th. This represents a $0.42 dividend on an annualized basis and a yield of 3.91%.
On the ratings front, analysts at BMO Capital Markets initiated coverage on shares of Farmland Partners in a research note on Monday, May 19th. They set an “outperform” rating and a $15.00 price target on the stock.
Shares of Farmland Partners (NYSE:FPI) traded down 1.92% on Tuesday, hitting $10.70. 121,485 shares of the company’s stock traded hands. Farmland Partners has a 52-week low of $10.68 and a 52-week high of $14.00. The stock has a 50-day moving average of $12.50 and a 200-day moving average of $12.85. The company’s market cap is $82.7 million.
Farmland Partners Inc is an internally managed real estate company that owns and seeks to acquire primary row crop farmland located in agricultural markets throughout North America.
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