Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) declared 3Q20 dividend of $ 0.60 per share. The dividend will be payable on September 25, 2020, to stockholders of record on August 17, 2020, with an ex-dividend date of August 14, 2020.
The press release noted that the cash component of the dividend (other than cash paid in lieu of fractional shares) will not exceed 20% in the aggregate, or $ 0.12 per share, with the balance, or $ 0.48 per share, payable in shares of the common stock. As previously announced, the quarterly dividend level reflects the impact of the COVID-19 closures on the Company business and anticipates that the Company major tenants will continue to fulfill payment of their financial obligations to the Company. Further, it is anticipated that the portion of dividends to be paid in shares will be limited to periods during which non-cash rents are realized by the Company.
|Date||Symbol||Company Name||Period||Value||Record Date||Payment Date||Exchange Date||displaynhide||day_navigation||week_navigation||month_navigation||Link||div_value|
According to the previous trading day, closing price of GLPI was $ 38.15, representing a 192.56 % increase from the 52 week low of $ 13.04 and a 25.18 % decrease over the 52 week high of $ 50.99.
The company has a market capital of $ 8.31 billion and is part of the Real Estate sector and REIT – Diversified industry.
GLPI is engaged in the business of acquiring, financing, and owning real estate property to be leased to gaming operators in triple-net lease arrangements, pursuant to which the tenant is responsible for all facility maintenance, insurance required in connection with the leased properties and the business conducted on the leased properties, taxes levied on or with respect to the leased properties and all utilities and other services necessary or appropriate for the leased properties and the business conducted on the leased properties. GLPI expects to grow its portfolio by pursuing opportunities to acquire additional gaming facilities to lease to gaming operators. GLPI also intends to diversify its portfolio over time, including by acquiring properties outside the gaming industry to lease to third parties.