Four Corners Property Trust hikes dividend for 8th consecutive year

Four Corners Property Trust (FCPT) will raise its quarterly dividend by 2.9% to $0.335 per share in 2024. This brings the dividend track record to 8 consecutive years of increases. FCPT has a 5.1% dividend yield.

The increased FCPT dividend is payable on January 15, 2025 to shareholders of record as of December 31, 2024. A new annualized dividend rate of $1.42 per share yields 5.1% at a stock price of $28.22.

Other REITs announcing a dividend hike recently include Regency Centers (REG) and Eastgroup Properties (EGP).

Four Corners Property Trust, Inc., 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 related food services industry.