Gaming and Leisure Properties, Inc. Announces Shareholder Election Results for Fourth Quarter Dividend
Gaming and Leisure Properties (GLPI) announced a quarterly dividend of $0.60 per share, approved on November 5, 2020.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
Gaming and Leisure Properties (GLPI) announced a quarterly dividend of $0.60 per share, approved on November 5, 2020. Shareholders can choose between cash or stock for their dividends. The payout, totaling approximately $27.6 million in cash and 2.5 million shares, will be distributed on December 24, 2020. The dividend breakdown includes $0.14 per share in cash for those choosing full cash, while those opting for stock will receive shares valued at $43.3758 each. Shareholders not making an election will receive $0.12 in cash and $0.48 in stock.
Positive
- Dividend amount of $0.60 per share reflects company confidence.
- Shareholders have options between cash and stock for dividend payouts.
Negative
- None.
Details
News Market Reaction – GLPI
The recorded move for GLPI in the trading session of this news was -1.08%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
WYOMISSING, Pa., Dec. 23, 2020 (GLOBE NEWSWIRE) -- Gaming and Leisure Properties, Inc. (“GLPI” or the “Company”) (NASDAQ: GLPI) announced today the results of shareholder elections relating to its quarterly dividend declared by its Board of Directors on November 5, 2020. The dividend of
Based on shareholder elections, the dividend will be paid in the form of approximately
- To shareholders electing to receive the dividend in all stock, the Company will pay the dividend in shares of common stock.
- To shareholders electing to receive the dividend in all cash, the Company will pay the dividend in the form of approximately
$0.14 per share in cash and$0.46 per share in common stock. - To shareholders not making an election, the Company will pay the dividend in the form of
$0.12 per share in cash and$0.48 per share in common stock. - The Company will pay fractional shares of the common stock dividend in cash.
If your shares are held through a bank, broker or nominee, and you have questions regarding the dividend, please contact such bank, broker or nominee. If you are a registered shareholder and you have questions regarding the dividend, you may call the election agent for the dividend, Broadridge Corporate Issuer Solutions, Inc., at (888) 789-8409.
About Gaming and Leisure Properties
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 elected to be taxed as a real estate investment trust (“REIT”) for U.S. federal income tax purposes commencing with the 2014 taxable year and was the first gaming-focused REIT in North America.
| Contact | |
| Gaming and Leisure Properties, Inc. | Investor Relations |
| Matthew Demchyk, SVP Investments | Joseph Jaffoni, Richard Land, James Leahy at JCIR |
| 610/378-8232 | 212/835-8500 |
| investorinquiries@glpropinc.com | glpi@jcir.com |
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