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Illinois Ag News Headlines |
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Farmland Partners Declares Quarterly Dividends
Illinois Ag Connection - 02/22/2018
Farmland Partners Inc., Denver, Colo., announced that its Board of Directors has declared a quarterly cash dividend of $0.1275 per common share and per Class A Common OP unit. The dividends are payable on April 16, 2018, to stockholders and unit
holders of record on April 2, 2018.
Based on current information, the Board of Directors anticipates that the Company will maintain its quarterly cash dividends for at least the remainder of 2018 at the current level of $0.1275 per share of common stock and per Class A Common OP unit,
representing annual dividends of $0.51 per share and unit.
The Company also announced today that its Board of Directors has declared a quarterly cash dividend of $0.3750 per share of Series B Participating Preferred Stock. The dividends are payable on April 2, 2018, to holders of Series B Participating Preferred
Stock of record on March 15, 2018.
Farmland Partners 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. As of the date of this release, the company owns or has under
contract over 166,000 acres in 17 states, including Alabama, Arkansas, California, Colorado, Florida, Georgia, Illinois, Kansas, Louisiana, Michigan, Mississippi, Nebraska, North Carolina, South Carolina, South Dakota, Texas and Virginia. It has
approximately 30 crop types and 130 tenants. The company elected to be taxed as a real estate investment trust, or REIT, for U.S. federal income tax purposes, commencing with the taxable year ended December 31, 2014.
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