Trailing Dividend / Share
$1.24
Farmland Partners Inc. (FPI) Dividend History
Income profile from 2014 to 2026 with payout safety and yield-on-cost trend
Dividend Yield
11.1%
Payout Ratio
2.0%
Sustainable
Dividend Streak
1 years
FPI Dividend Income Check
Safety
2.0% payout ratio with sustainable safety profile.
Consistency
1 straight years of dividend increases.
Income Trend
Yield on cost is 5.2% and trend is rising.
FPI Dividend Scorecard
Yield & Income
Dividend Yield11.1%
Trailing DPS$1.24
FrequencyQuarterly
Payments / 12M5
Payout Safety
Earnings Payout2.0%
Earnings SafetySustainable
FCF Payout304.9%
FCF SafetyStretched
Piotroski F-Score6/9
Growth
Growth Streak1 years
3Y CAGR24.1%
5Y CAGR17.1%
Yield on Cost (5Y)5.2%
YOC Trendrising
Total Returns
Buyback Yield7.8%
Total Shareholder Yield18.8%
1Y Total Return9.7%
5Y Total Return16.2%
Div Contribution (5Y)22.0%
Estimated $10K growth (return + dividends):
5Y ago$11,61810Y ago$13,72820Y ago$12,796
Uses precomputed total return metrics from screening data (not lot-by-lot dividend reinvestment transactions). Different time windows can produce different outcomes depending on market regime and entry point.
FPI Income Growth Story
Dividend per share and yield on cost over time (13 years of payments)
FPI Dividend Safety Story
EPS is the container — dividend is what's drawn out
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Dividend Analysis
Payout Safety
Farmland Partners Inc. distributes 2.0% of earnings as dividends (Sustainable). When measured against free cash flow—a stricter test—the payout ratio stands at 304.9%, rated "Stretched".
Piotroski F-Score: 6/9 — moderate financial health.
Growth Track Record
FPI has raised its dividend for 1 consecutive year, with a 3-year CAGR of 24.1% and 5-year CAGR of 17.1%.
Total Shareholder Returns
Beyond cash dividends, FPI returns capital through share repurchases. The combined picture: 11.1% dividend yield, 7.8% buyback yield, 18.8% total shareholder yield.
Income Trend & Total Return
Yield on cost (5-year basis) has reached 5.2% and is currently rising. The 5-year total return is 16.2%, with dividends contributing 22.0% of that performance.
DRIP Growth
A $10,000 investment made 10 years ago with dividends reinvested would have grown to approximately $13,728 today.
FCF payout is stretched — the dividend consumes a large share of free cash flow.
FPI Recent Dividend Payments
Last 20 payments · Quarterly
TTM Total$2.52
Avg/Payment$0.1260
| Ex-Date | Amount | Change | Yield % | Payment Date |
|---|---|---|---|---|
| Oct 1, 2026Latest | $0.0900 | — | 4.61% | Oct 15, 2026 |
| Jul 1, 2026 | $0.0900 | — | 5.18% | Jul 15, 2026 |
| Apr 1, 2026 | $0.0900 | ↑ +50.0% | 4.18% | Apr 15, 2026 |
| Jan 2, 2026 | $0.0600 | ↓ -70.0% | 4.55% | Jan 15, 2026 |
| Dec 23, 2025 | $0.2000 | ↑ +233.3% | 3.89% | Jan 7, 2026 |
| Oct 1, 2025 | $0.0600 | — | 12.85% | Oct 15, 2025 |
| Jul 1, 2025 | $0.0600 | — | 12.14% | Jul 15, 2025 |
| Apr 1, 2025 | $0.0600 | — | 12.48% | Apr 15, 2025 |
FPI Dividend vs Peers
Comparable companies in the same industry
#3 yield in peer group
Div Yield
11.1%
#3 of 9
Safety
Sustainable
2.0% payout
Streak
1Y
17.1% 5Y CAGR
Total Shareholder
18.8%
#2 of 9
| Company | Mkt Cap | Yield | Payout | Streak | Safety |
|---|---|---|---|---|---|
3rd FPIFarmland Partners In… | $490M | 11.1% | 2.0% | 1 | Sustainable |
 LANDGladstone Land Corpo… | $412M | 5.9% | 1.5% | 11 | Sustainable |
 AGMFederal Agricultural… | $2.3B | 3.8% | 42.9% | 14 | Sustainable |
1st  AFCGAdvanced Flower Capi… | $80M | 24.8% | — | 0 | Unknown |
 AMTAmerican Tower Corpo… | $75.6B | 4.1% | 1.2% | 14 | Sustainable |
2nd  IIPRInnovative Industria… | $1.5B | 15.1% | 1.9% | 9 | Sustainable |
 PINEAlpine Income Proper… | $292M | 6.5% | — | 7 | Unknown |
 SAFESafehold Inc. | $864M | 5.9% | 44.5% | 0 | Sustainable |
 ILPTIndustrial Logistics… | $473M | 1.7% | — | 1 | Unknown |
FPI Annual Dividend History (2012–2026)
15 years of dividend data
GrowthDecline
| Year | DPS | YoY | Pmts | EPS | Payout | Coverage | YOC |
|---|---|---|---|---|---|---|---|
| 2026YTD | $0.33 | — | 4 | — | — | — | 3.9% |
| 2025 | $0.44 | -66.9% | 5 | $0.62 | 71.0% | 1.41x | 5.2% |
| 2024 | $1.33 | 454.2% | 4 | $1.06 | 125.5% | 0.80x | 15.7% |
| 2023 | $0.24 | 4.3% | 4 | $0.48 | 50.0% | 2.00x | 2.8% |
| 2022 | $0.23 | 15.0% | 4 | $0.16 | 143.8% | 0.70x | 2.7% |
| 2021 | $0.20 | 0.0% | 4 | $-0.17 | — | — | 2.4% |
| 2020 | $0.20 | 0.0% | 4 | $-0.18 | — | — | 2.4% |
| 2019 | $0.20 | -43.7% | 4 | $-0.20 | — | — | 2.4% |
| 2018 | $0.35 | -30.4% | 4 | $0.38 | 93.4% | 1.07x | 4.2% |
| 2017 | $0.51 | 0.0% | 4 | $0.03 | 1700.0% | 0.06x | 6.0% |
Consensus & Technical Research Suite
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FPI — Frequently Asked Questions
Quick answers to the most common questions about buying FPI stock.
How much dividend does FPI pay per share?
Farmland Partners Inc. (FPI) pays a trailing 12-month dividend of $1.24 per share, with a current dividend yield of +11.1%. Payments are made Quarterly.
When is FPI's next ex-dividend date?
FPI's most recent ex-dividend date is N/A. You must own shares before the ex-dividend date to receive the next payment. FPI typically pays dividends Quarterly.
Is FPI's dividend safe?
FPI's dividend safety is rated "Sustainable" based on an earnings payout ratio of +2.0% and FCF payout ratio of +304.9%. The 1-year growth streak provides moderate confidence.
How many years has FPI increased its dividend?
FPI has 1 consecutive years of dividend growth. The 5-year dividend CAGR is +17.1%.
How often does FPI pay dividends?
Farmland Partners Inc. pays dividends Quarterly. The trailing 12-month total is $1.24 per share. Dividend data on this page covers 12+ years from 2014 to 2026.
How much would $10,000 invested in FPI grow with dividend reinvestment?
With dividends reinvested (DRIP), $10,000 invested in FPI five years ago would be worth approximately $11,618 today. This includes both price appreciation and compounded dividend reinvestment. Use the DRIP calculator above for other time periods.
What is FPI's yield on cost for long-term holders?
FPI's yield on cost — the current dividend divided by the original purchase price — is +5.2% for a 5-year holding period. This means long-term holders earn a higher effective yield than today's +11.1% market yield, thanks to consistent dividend growth.