FCPT Declares Second Quarter 2024 Dividend

Rhea-AI Summary

Four Corners Property Trust (NYSE: FCPT) has announced a quarterly cash dividend of $0.3450 per share for Q2 2024, equating to $1.38 per share annually. The dividend will be paid on July 15, 2024, to shareholders recorded by June 28, 2024.

FCPT, based in Mill Valley, CA, is a real estate investment trust that focuses on owning, acquiring, and leasing restaurant and retail properties. The company aims to grow its portfolio through additional real estate acquisitions.

Positive

• Quarterly dividend of $0.3450 per share declared for Q2 2024.
• Dividend amounts to $1.38 per share annually.
• Stable dividend payout may attract income-focused investors.

Negative

• No information provided on recent acquisitions or growth.
• The announcement lacks financial performance or earnings data for context.
• EPS and revenue figures not mentioned, limiting financial assessment.

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 $0.3450 per share (equivalent to $1.38 per share per annum) for the second quarter of 2024. The dividend is payable on July 15, 2024, to shareholders of record as of June 28, 2024.

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/20240610107669/en/

FCPT

Bill Lenehan, 415-965-8031

CEO

Patrick Wernig, 415-965-8038

CFO

Source: Four Corners Property Trust

FAQ

What is the dividend amount declared by FCPT for Q2 2024?

FCPT declared a quarterly cash dividend of $0.3450 per share for Q2 2024.

When will FCPT's Q2 2024 dividend be paid?

The Q2 2024 dividend will be paid on July 15, 2024.

Who is eligible to receive FCPT's Q2 2024 dividend?

Shareholders of record as of June 28, 2024, are eligible to receive the Q2 2024 dividend.

What is the annual dividend per share declared by FCPT for 2024?

The annual dividend per share declared by FCPT for 2024 is $1.38.

What is the main business focus of FCPT?

FCPT focuses on the ownership, acquisition, and leasing of restaurant and retail properties.