FCPT Declares First Quarter 2021 Dividend

Rhea-AI Summary

Four Corners Property Trust (FCPT) announced a quarterly cash dividend of $0.3175 per share, totaling $1.27 annually. This dividend will be paid on April 15, 2021, to shareholders of record as of March 31, 2021. FCPT specializes in acquiring and leasing restaurant properties, with plans for further portfolio growth in the restaurant and retail sectors. For ongoing updates, visit FCPT's website.

Positive

• Quarterly dividend of $0.3175 per share increases income for shareholders.
• Annual dividend yield of $1.27 demonstrates company confidence in cash flow.

Negative

• None.

Four Corners Property Trust, Inc. (NYSE: FCPT) today announced that its Board of Directors declared a quarterly cash dividend of $0.3175 per share (equivalent to $1.27 per share per annum) for the first quarter of 2021. The dividend is payable on April 15, 2021 to shareholders of record as of March 31, 2021.

About FCPT

FCPT, 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 retail industry. Additional information about FCPT can be found on its website at http://www.fcpt.com/.

Cautionary Note Regarding Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the federal securities laws. Forward-looking statements include all statements that are not historical statements of fact and those regarding FCPT’s intent, belief or expectations, including, but not limited to, statements regarding: operating and financial performance and expectations regarding the making of distributions and the payment of dividends. Words such as “anticipate(s),” “expect(s),” “intend(s),” “plan(s),” “believe(s),” “may,” “will,” “would,” “could,” “should,” “seek(s)” and similar expressions, or the negative of these terms, are intended to identify such forward-looking statements. Forward-looking statements speak only as of the date on which such statements are made and, except in the normal course of FCPT’s public disclosure obligations, FCPT expressly disclaims any obligation to publicly release any updates or revisions to any forward-looking statements to reflect any change in FCPT’s expectations or any change in events, conditions or circumstances on which any statement is based. Forward-looking statements are based on management’s current expectations and beliefs and FCPT can give no assurance that its expectations or the events described will occur as described. For a further discussion of these and other factors that could cause FCPT’s future results to differ materially from any forward-looking statements, see the section entitled “Risk Factors” in FCPT’s most recent annual report on Form 10-K, and other risks described in documents subsequently filed by FCPT from time to time with the Securities and Exchange Commission.

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FAQ

What is the FCPT dividend amount for the first quarter of 2021?

FCPT declared a dividend of $0.3175 per share for the first quarter of 2021.

When will the FCPT dividend be paid?

The dividend will be paid on April 15, 2021.

What is the FCPT dividend payment schedule?

FCPT pays dividends quarterly, with the next payment scheduled for April 15, 2021.

Who are the shareholders of record for FCPT's dividend?

The shareholders of record are those holding shares as of March 31, 2021.

How does the FCPT dividend reflect the company's performance?

The dividend indicates confidence in cash flow and financial stability of FCPT.