Farmland Partners announces agreement for acuisition of Nebraska farm for $1M Farmland Partners announced that it has entered into a purchase agreement to acquire an approximately 640-acre row crop farm in Morrill County, Nebraska for approximately $1M. The company intends to sign a five-year lease with the seller at an anticipated unlevered annual cash return of approximately 6.25%. The acquisition, which is subject to customary closing conditions, is expected to close on or before July 3.
Farmland Partners increases quarterly dividend 10.5% Farmland Partners announced that its board has approved a quarterly cash dividend of 11.6c per share to be paid on April 15 to stockholders of record at close of business on April 1. The annualized dividend of 46.4c per share represents an annual distribution rate of 4.11% based on the company's closing stock price on Tuesday, February 24.