Global Net Lease, Inc. (NYSE:GNL) Shareholders to Get $0.19 Quarterly Dividend

Key Points

• Global Net Lease declared a quarterly dividend of $0.19 per share, payable October 16 to shareholders of record October 12. The dividend equates to $0.76 annually and a 9.2% yield, with October 9 as the ex-dividend date.
• The dividend may face sustainability concerns: GNL’s payout ratio is -140.7%, indicating earnings do not currently cover dividend payments, while the dividend has declined slightly over the past three years.
• GNL shares traded around $8.24, near the lower end of their 52-week range. In its latest quarter, the company matched analysts’ loss estimate of $0.05 per share while revenue of $112.47 million exceeded expectations.

Global Net Lease, Inc. (NYSE:GNL - Get Free Report) announced a quarterly dividend on Thursday, October 1st. Stockholders of record on Monday, October 12th will be paid a dividend of $0.19 per share by the financial services provider on Friday, October 16th. This represents a $0.76 annualized dividend and a dividend yield of 9.2%. The ex-dividend date of this dividend is Friday, October 9th.

Global Net Lease has decreased its dividend by an average of 0.1%per year over the last three years. Global Net Lease has a dividend payout ratio of -140.7% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.

Global Net Lease Stock Performance

Shares of NYSE:GNL traded down $0.01 during midday trading on Thursday, hitting $8.24. The stock had a trading volume of 3,182,272 shares, compared to its average volume of 2,271,643. Global Net Lease has a 1 year low of $7.48 and a 1 year high of $10.04. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.94. The stock has a 50 day moving average price of $8.92 and a two-hundred day moving average price of $9.17. The company has a market capitalization of $1.74 billion, a PE ratio of -29.45 and a beta of 1.04.

Global Net Lease (NYSE:GNL - Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The financial services provider reported ($0.05) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.05). Global Net Lease had a negative net margin of 2.94% and a negative return on equity of 1.00%. The firm had revenue of $112.47 million during the quarter, compared to analysts' expectations of $109.68 million. Global Net Lease has set its FY 2026 guidance at 0.820-0.850 EPS.

Global Net Lease Company Profile

Global Net Lease, Inc NYSE: GNL is a real estate investment trust that owns and manages a diversified portfolio of commercial properties. The company primarily invests in properties subject to long-term, net lease agreements, under which tenants generally are responsible for many property-level expenses such as taxes, insurance and maintenance.

Global Net Lease's portfolio has included office, industrial and retail properties leased to businesses across the United States and Europe. The company generally seeks properties with established tenants, durable demand characteristics and long lease terms, and acquires assets through transactions that can include sale-leasebacks and other net lease arrangements.

Global Net Lease began operations in 2011 and has expanded its portfolio through acquisitions in multiple international markets.

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