Another Tasty Dividend Increase

FCPT is a Recipe for Dividend Growth

Four Corners Property Trust raises their dividend by 2.3% to $0.34. The new $0.34/share quarterly dividend is a 2.3% increase from the prior dividend of $0.3325. Forward yield 5.03% and payable Jan. 13; for shareholders of record Dec. 30; ex-div Dec. 29.

Reasons to like FCPT

It has a reasonable market cap of $2.27B and yields 4.92%. The QUANT rating is adequate, so I would only add shares if the price were to dip.

At the present time FCPT is a tad bit expensive. Try to buy shares at $25 per share

Revenue is increasing and Funds from Operations (FFO) are more than sufficient to cover the dividend.

FCPT Revenue is on a growth path due to acquisitions.
Always compare FFO (Funds from Operations) to the dividend. FFO must be greater than the dividend.

The REIT is diversified into a number of well-known restaurant brands.

Many delicious brands are in FCPT. Of course, some locations are not restaurants.
Acquisition growth fuels the increase ni the annual cash based rent.

Full Disclosure

Cindie and I own 300 shares of FCPT as a long-term investment.

Company Profile

FCPT, headquartered in Mill Valley, CA, is a real estate investment trust primarily engaged in the acquisition and leasing of restaurant 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.

LINK: FCPT Website

LINK: FCPT Acquisitions