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Farmland Partners Inc. (NYSE:FPI) is an internally managed real estate company that owns and seeks to acquire high-quality North American farmland and makes loans to farmers secured by farm real estate.
The 52-week Farmland Partners stock price range was $9.70 to $13.12.
Farmland Partners' dividend yield is 1.94%, with $0.24 per share paid over the last 12 months.
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The Latest On Farmland Partners
On Oct. 30, the company announced its Q3 2024 earnings, posting an FFO of $0.03, compared to the consensus estimate of $0.01 and revenues of $13.317 million, compared to the consensus of $11.928 million, as reported by Benzinga.
Luca Fabbri, President and Chief Executive Officer, commented: "We have meaningfully increased 2024 earnings guidance at both the top and bottom ends of the ranges based on our improvements in our core business and the completion of $308 million in asset sales, resulting in debt reductions of $189 million and interest savings. The full impact will be seen in the coming quarters."
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How Can You Earn $100 Per Month As A Farmland Partners Investor?
If you want to make $100 per month –$1,200 annually – from Farmland Partners dividends, you would need an investment of approximately $30,928, which is 2,498 shares at $12.38 each.
Understanding the dividend yield calculations: When making an estimate, you need two key variables – the desired annual income ($1,200) and the dividend yield (1.94% in this case). So, $1,200 / 0.0194 = $30,928 to generate an income of $100 per month.
You can calculate the dividend yield by dividing the annual dividend payments by the stock's current price.
The dividend yield can change over time with fluctuating stock prices and dividend payments.
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For instance, assume a stock that pays $2 as an annual dividend is priced at $50. Its dividend yield would be $2/$50 = 4%. If the stock price rises to $60, the dividend yield drops to 3.33% ($2/$60). A drop in stock price to $40 will have an inverse effect and increase the dividend yield to 5% ($2/$40).