FCPT Declares First Quarter 2023 Dividend

Rhea-AI Summary

Four Corners Property Trust (NYSE: FCPT) declared a quarterly cash dividend of $0.34 per share for Q1 2023, equivalent to $1.36 annually. The dividend is payable on April 14, 2023 to shareholders of record as of March 31, 2023. FCPT focuses on acquiring and leasing restaurant and retail properties, aiming to expand its portfolio in these sectors. The announcement reflects the company’s commitment to returning value to shareholders while pursuing growth opportunities.

Positive

• Quarterly cash dividend of $0.34 per share indicates strong cash flow and shareholder value.
• Annualized dividend yield of $1.36 reflects the company's commitment to returning profits to shareholders.

Negative

• None.

MILL VALLEY, Calif.--(BUSINESS WIRE)-- Four Corners Property Trust, Inc. (NYSE: FCPT) today announced that its Board of Directors declared a quarterly cash dividend of $0.34 per share (equivalent to $1.36 per share per annum) for the first quarter of 2023. The dividend is payable on April 14, 2023 to shareholders of record as of March 31, 2023.

About FCPT

FCPT, headquartered in Mill Valley, CA, is a real estate investment trust primarily engaged in the ownership, acquisition and leasing of restaurant and retail properties. The Company seeks to grow its portfolio by acquiring additional real estate to lease, on a net basis, for use in the restaurant and retail industries. Additional information about FCPT can be found on the website at 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230313005762/en/

FCPT

Bill Lenehan, 415-965-8031

CEO

Gerry Morgan, 415-965-8032

CFO

Source: Four Corners Property Trust, Inc.

FAQ

What is the dividend amount declared by FCPT for Q1 2023?

FCPT declared a quarterly cash dividend of $0.34 per share for Q1 2023.

When will the FCPT dividend be paid?

The dividend will be paid on April 14, 2023.

What is the record date for FCPT's Q1 2023 dividend?

The record date for FCPT's Q1 2023 dividend is March 31, 2023.

What is the annualized dividend for FCPT?

The annualized dividend for FCPT is $1.36 per share.

What type of properties does FCPT invest in?

FCPT primarily invests in restaurant and retail properties.