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% to 11.6c Farmland Partners has approved a quarterly cash dividend of 11.6c per share to be paid on January 15, 2015 to shareholders of record at close of business on January 2, 2015. The annualized dividend of 46.4c per share represents a 10.5% increase over the company's previous quarterly dividend of 10.5c and a 4.5% yield based on the closing price of the company's common stock on November 19.