Farmland Partners (FPI) Declares $1.15 Special Dividend; 9.4% Yield
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Farmland Partners Declares $1.15 per Share Special Dividend After Strong Year
December 13, 2024 7:10 AM ESTDENVER--(BUSINESS WIRE)-- Farmland Partners Inc. (NYSE: FPI) (the Company or FPI) today announced that its Board of Directors has declared a one-time dividend of $1.15 per share of common stock and Class A Common OP Unit, payable in cash on January 8, 2025 to shareholders of record on December 23, 2024.
The announcement comes at the end of a year that saw the Company sell farmland and related assets for consideration totaling approximately $308 million, generating a total gain for FPI of approximately $51 million, or approximately 20 percent over the aggregate net book value.
This year has been... More
