Four Corners Property Trust hikes dividend by 6.1%
Four Corners Property Trust (FCPT) will raise its quarterly dividend by 6.1 percent to $0.3050 per share in 2020. This follows a 4.5 percent dividend hike announced by the REIT last year.
The next dividend is payable on January 15, 2020 to shareholders of record as of January 3, 2020.
A new annualized dividend rate of $1.22 per share yields 4.4% at a stock price of $27.80.
Four Corners Property Trust, Inc., headquartered in Mill Valley, CA, is a real estate investment trust primarily engaged in the acquisition and leasing of restaurant properties. FCPT will seek to grow its portfolio by acquiring additional real estate to lease, on a net basis, for use in the restaurant and related food services industry.
The next dividend is payable on January 15, 2020 to shareholders of record as of January 3, 2020.
A new annualized dividend rate of $1.22 per share yields 4.4% at a stock price of $27.80.
Four Corners Property Trust, Inc., headquartered in Mill Valley, CA, is a real estate investment trust primarily engaged in the acquisition and leasing of restaurant properties. FCPT will seek to grow its portfolio by acquiring additional real estate to lease, on a net basis, for use in the restaurant and related food services industry.
