Farmland Partners Asset Appreciation Leads To Expected Special Distribution Of Between $0.20 And $0.38 Per Share
Portfolio Pulse from Benzinga Newsdesk
Farmland Partners Inc. (FPI) has announced an expected special dividend due to the significant appreciation of assets sold during 2023. The company has been selectively selling farmland that no longer fits their long-term strategy. The sales have generated substantial gains, requiring the company to pay a special dividend to comply with REIT income distribution rules. The special dividend is expected to be between $0.20 and $0.38 per share and is set to be declared in December and paid in January 2024.
November 08, 2023 | 10:47 pm
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Farmland Partners Inc. is expected to pay a special dividend due to significant asset appreciation. The dividend is expected to be between $0.20 and $0.38 per share, declared in December and paid in January 2024.
The announcement of a special dividend due to significant asset appreciation is a positive signal for investors. It shows that the company's strategy of selectively selling farmland is generating substantial gains. This could potentially lead to an increase in the stock price in the short term.
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