SmarterDividends
FPI

Farmland Partners Inc.

FPI

Real Estate · REIT - Specialty · Stock · quarterly payer

$10.35

Overvalued · -44% Add to Portfolio

Forward Yield

3.48%

Annual Dividend

$0.36

Payout Ratio

59%

5-Yr Growth

3.7%

Ex-Date

Oct 1, 2026

Frequency

Quarterly

Key facts about FPI's dividend

Data as of · Source: SmarterDividends data

  • As of Oct 18, 2026, Farmland Partners Inc. (FPI) has a forward dividend yield of 3.48%, based on an annual dividend of $0.36 per share and a share price of $10.35.
  • As of Oct 18, 2026, FPI's dividend safety grade from SmarterDividends is B (69 out of 100), which rates the dividend as safe.
  • FPI last cut its regular dividend in 2018.
  • FPI's most recent ex-dividend date was Oct 1, 2026, for a dividend of $0.0900 per share.
  • As of Oct 18, 2026, FPI pays out 59% of its trailing 12-month earnings as dividends (its payout ratio).
  • FPI's dividend has grown at an average rate of 3.7% a year over the past five years.
  • As of Oct 18, 2026, FPI's 3.48% yield is 25% below its five-year average yield of 4.65%.
  • As of Oct 18, 2026, SmarterDividends' blended fair-value estimate for FPI is $5.80 per share, 44% below the $10.35 share price, so FPI screens as overvalued.
  • Farmland Partners Inc. (FPI) pays its dividend quarterly, 4 times a year.
  • Farmland Partners Inc. (FPI) has raised its regular dividend 4 times and cut it 1 time across the 53 payments on record since 2014. Its most recent change was a 50.0% increase to $0.0900 per share, going ex-dividend on Apr 1, 2026. The last cut went ex-dividend on Sep 28, 2018.
Cite this page

SmarterDividends, "FPI Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 18, 2026, https://smarterdividends.com/stocks/FPI

Summary

As of Oct 18, 2026, Farmland Partners Inc. (FPI) yields 3.48% ($0.36 a year per share) and has a dividend safety grade of B (69/100).

Is FPI a good dividend stock?

Yes, with caveats

Farmland Partners Inc. (FPI) pays a quarterly dividend yielding 3.48% ($0.36/yr), with 0 years of growth and a dividend-safety grade of B. It's a solid income payer, but check the caveats below before buying.

Advantages

  • Comfortable payout ratio (59%)

Risks

  • Cut its dividend in 2018
  • Share price is down over the past 5 years

Key Data

Dividend Yield
3.48%
Payout Ratio
59%
Annual Dividend
$0.36
5-Yr Avg Growth
3.7%
Ex-Dividend Date
Oct 1, 2026
Years of Growth
0
Frequency
quarterly
Beta
0.70
Market Cap
$454.6M
P/E Ratio
20.3
5-Yr Total Return
-11%
52-Week Range
$9.21 – $13.23
Dividend Safety
B · 69/100
Ever Cut?
Yes (2018)

FPI dividend raises and cuts

Farmland Partners Inc. (FPI) has raised its regular dividend 4 times and cut it 1 time across the 53 payments on record since 2014. Its most recent change was a 50.0% increase to $0.0900 per share, going ex-dividend on Apr 1, 2026. The last cut went ex-dividend on Sep 28, 2018.

Ex-dateChangeOld → newMove
Apr 1, 2026Raise$0.0600 → $0.0900+50.0%
Jun 30, 2022Raise$0.0500 → $0.0600+20.0%
Sep 28, 2018Cut$0.128 → $0.0500−60.9%
Jun 29, 2015Raise$0.116 → $0.128+10.3%
Dec 30, 2014Raise$0.105 → $0.116+10.5%
Every FPI payment →Download every raise and cut (CSV)
FPI ex-dividend date & scheduleNext ex-date Oct 1, 2026 · full ex-dividend historyView →FPI dividend historyEvery payment, totals by year, raises and cutsView →

Frequently Asked Questions

Is FPI a good dividend stock?

Yes, with caveats. Farmland Partners Inc. (FPI) pays a quarterly dividend yielding 3.48% ($0.36/yr), with 0 years of growth and a dividend-safety grade of B. It's a solid income payer, but check the caveats below before buying.

Is FPI undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, FPI's fair value is about $5.80 versus a $10.35 share price — so it looks overvalued (-44% vs. fair value).

Is FPI's dividend safe?

FPI has a dividend-safety grade of B (69/100), based on its payout coverage, free-cash-flow, 0-year growth streak, a dividend cut in 2018, debt and yield-versus-history.

What is FPI's fair value?

Our blended fair-value estimate for FPI is about $5.80 per share, about 44% below the current $10.35 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is FPI a buy, hold, or sell?

We don't issue formal ratings, but on the data FPI screens as "yes, with caveats" and overvalued. Farmland Partners Inc. (FPI) pays a quarterly dividend yielding 3.48% ($0.36/yr), with 0 years of growth and a dividend-safety grade of B. It's a solid income payer, but check the caveats below before buying. This is research for your own analysis, not investment advice.

Will FPI cut its dividend?

FPI earns a dividend-safety grade of B (69/100), and has cut its dividend before (last in 2018). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

Does FPI pay a dividend?

Yes. Farmland Partners Inc. pays a quarterly dividend of about $0.36 per share annually, a forward yield of roughly 3.48%.

What is FPI's dividend yield?

As of Oct 18, 2026, FPI's forward dividend yield is 3.48%, based on a $0.36 annual dividend and a $10.35 share price.

What is FPI's dividend per share?

As of Oct 18, 2026, FPI pays $0.36 per share per year, distributed on a quarterly basis.

What is FPI's dividend payout ratio?

As of Oct 18, 2026, FPI's payout ratio is 59% of trailing 12-month earnings — a comfortable level that leaves room to keep raising the dividend.

How many years has FPI grown its dividend?

FPI does not currently have a long dividend-growth streak on record.

When is the next FPI ex-dividend date?

As of Oct 18, 2026, FPI's next ex-dividend date hasn't been announced. The most recent was Oct 1, 2026, for $0.0900 per share.

Income Calculator

At $0.36 / yr per share

Per payment (quarterly)$9.00
Annual$36.00
Monthly avg$3.00

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