Gaming and Leisure Properties, Inc. (GLPI) to Issue Quarterly Dividend of $0.82 on September 25th

Gaming and Leisure Properties, Inc. (NASDAQ:GLPIGet Free Report) announced a quarterly dividend on Monday, August 31st. Investors of record on Friday, September 11th will be given a dividend of 0.82 per share by the real estate investment trust on Friday, September 25th. This represents a c) annualized dividend and a yield of 7.8%. The ex-dividend date of this dividend is Friday, September 11th.

Gaming and Leisure Properties has increased its dividend by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 2 consecutive years. Gaming and Leisure Properties has a payout ratio of 105.1% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Gaming and Leisure Properties to earn $4.20 per share next year, which means the company should continue to be able to cover its $3.28 annual dividend with an expected future payout ratio of 78.1%.

Gaming and Leisure Properties Price Performance

Shares of NASDAQ GLPI opened at $41.80 on Wednesday. The stock has a market cap of $12.16 billion, a P/E ratio of 12.26, a P/E/G ratio of 1.76 and a beta of 0.65. The firm’s 50-day simple moving average is $43.93 and its 200 day simple moving average is $45.92. Gaming and Leisure Properties has a fifty-two week low of $41.17 and a fifty-two week high of $49.95. The company has a quick ratio of 4.74, a current ratio of 4.74 and a debt-to-equity ratio of 1.51.

Gaming and Leisure Properties (NASDAQ:GLPIGet Free Report) last posted its quarterly earnings data on Thursday, July 30th. The real estate investment trust reported $0.80 EPS for the quarter, hitting analysts’ consensus estimates of $0.80. Gaming and Leisure Properties had a return on equity of 19.17% and a net margin of 59.01%.The company had revenue of $430.52 million for the quarter, compared to the consensus estimate of $428.51 million. During the same quarter in the previous year, the business earned $0.96 EPS. The company’s quarterly revenue was up 9.0% compared to the same quarter last year. Gaming and Leisure Properties has set its FY 2026 guidance at 4.100-4.120 EPS. Equities analysts expect that Gaming and Leisure Properties will post 4.03 EPS for the current year.

About Gaming and Leisure Properties

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Gaming and Leisure Properties, Inc (NASDAQ: GLPI) is a real estate investment trust (REIT) specializing in the ownership and management of gaming and entertainment properties. Established in 2013 as a spin-off from Penn National Gaming, the company was designed to acquire and hold real estate assets associated with casinos, racetracks and other gaming facilities, while leasing those assets back to operating partners under long-term, triple-net lease agreements.

The company’s core activities involve identifying attractive gaming real estate, structuring lease agreements that align tenant incentives with property performance, and actively managing its portfolio to enhance asset value.

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Dividend History for Gaming and Leisure Properties (NASDAQ:GLPI)

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