Gaming and Leisure Properties Raises Quarterly Dividend to $0.82, Yield 6.95%
Gaming and Leisure Properties Board declared a second-quarter 2026 cash dividend of $0.82 per share, a 5% increase from the prior $0.78 level, payable June 26 to shareholders of record on June 12. At the May 20 closing price of $47.22, the new rate equates to a 6.95% annualized yield.
1. Quarterly Dividend Increase
The Board of Directors approved a second-quarter 2026 cash dividend of $0.82 per share, up $0.04 from the prior quarter’s $0.78 level, marking a 5% increase in the regular payout.
2. Payment Schedule
The dividend will be paid on June 26, 2026 to shareholders of record as of June 12, reinforcing the company’s schedule for timely capital returns.
3. Annualized Yield Context
Based on the May 20 closing price of $47.22, the new quarterly rate translates to a 6.95% annualized yield, enhancing the company’s appeal to income-focused investors.
4. Board’s Future Review Policy
All subsequent dividends will be reviewed and declared quarterly at the Board’s discretion, allowing flexibility to align distributions with financial results and cash flow.