DENVER, Feb. 16, 2021 /PRNewswire/ -- Farmland
Partners Inc. (NYSE: FPI) ("the Company") announced that its Board
of Directors has declared a quarterly cash dividend of $0.05 per common share and per Class A Common OP
unit. The dividends are payable on April 15,
2021, to stockholders and unit holders of record on
April 1, 2021.
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 March 31, 2021, to holders of Series B
Participating Preferred Stock of record on March 15, 2021.
About Farmland Partners Inc.
Farmland Partners Inc. 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 approximately 154,000
acres in 16 states, including Alabama, Arkansas, California, Colorado, Florida, Georgia, Illinois, Kansas, Louisiana, Michigan, Mississippi, Nebraska, North
Carolina, South Carolina,
South Dakota and Virginia. We have approximately 26 crop types
and over 100 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. Additional information:
www.farmlandpartners.com or (720) 452-3100.
Forward-Looking Statements
This press release includes "forward-looking statements" within
the meaning of the federal securities laws. Forward-looking
statements generally can be identified by the use of
forward-looking terminology such as "may," "should," "could,"
"would," "predicts," "potential," "continue," "expects,"
"anticipates," "future," "intends," "plans," "believes,"
"estimates" or similar expressions or their negatives, as well as
statements in future tense. Although the Company believes that the
expectations reflected in such forward-looking statements are based
upon reasonable assumptions, beliefs and expectations, such
forward-looking statements are not predictions of future events or
guarantees of future performance and our actual results could
differ materially from those set forth in the forward-looking
statements. See the section entitled "Risk Factors" in
the Company's Annual Report on Form 10-K for the year ended
December 31, 2019, and our other
filings with the Securities and Exchange Commission for some of the
factors that may cause such a difference. Any forward-looking
information presented herein is made only as of the date of this
press release, and we do not undertake any obligation to update or
revise any forward-looking information to reflect changes in
assumptions, the occurrence of unanticipated events, or
otherwise.
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SOURCE Farmland Partners Inc.