Gaming and Leisure Properties, Inc. Announces Quarterly Dividend of $0.78 (NASDAQ:GLPI)

Key Points

• Gaming and Leisure Properties, Inc. declared a quarterly dividend of $0.78 per share, with payment set for September 26th to shareholders of record on September 12th, representing a 6.5% yield.
• The company has a high dividend payout ratio of 97.4%, suggesting it may struggle to maintain its dividend if earnings decline in the future, although analysts project it will cover future dividends with an expected payout ratio of 76.4% next year.
• In its most recent quarterly report, Gaming and Leisure Properties reported earnings per share of $0.96, which fell slightly short of analyst expectations, despite a year-over-year revenue increase of 3.8% to $394.9 million.

Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Get Free Report) announced a quarterly dividend on Friday, August 29th, RTT News reports. Investors of record on Friday, September 12th will be given a dividend of 0.78 per share by the real estate investment trust on Friday, September 26th. This represents a c) dividend on an annualized basis and a dividend yield of 6.5%. The ex-dividend date is Friday, September 12th.

Gaming and Leisure Properties has a dividend payout ratio of 97.4% meaning its dividend is currently covered by earnings, but may not be in the future if the company's earnings fall. Research analysts expect Gaming and Leisure Properties to earn $3.98 per share next year, which means the company should continue to be able to cover its $3.04 annual dividend with an expected future payout ratio of 76.4%.

Gaming and Leisure Properties Stock Performance

Shares of NASDAQ:GLPI traded up $0.15 during mid-day trading on Wednesday, reaching $47.69. The company had a trading volume of 580,102 shares, compared to its average volume of 1,488,594. The company has a current ratio of 7.39, a quick ratio of 7.39 and a debt-to-equity ratio of 1.41. The firm has a market cap of $13.50 billion, a price-to-earnings ratio of 18.49, a PEG ratio of 10.44 and a beta of 0.73. The company's 50-day moving average price is $47.04 and its 200-day moving average price is $47.80. Gaming and Leisure Properties has a one year low of $44.48 and a one year high of $52.60.

Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) last posted its quarterly earnings results on Thursday, July 24th. The real estate investment trust reported $0.96 EPS for the quarter, missing analysts' consensus estimates of $0.97 by ($0.01). The company had revenue of $394.90 million during the quarter, compared to the consensus estimate of $397.27 million. Gaming and Leisure Properties had a return on equity of 15.43% and a net margin of 46.32%.The company's revenue for the quarter was up 3.8% compared to the same quarter last year. During the same period last year, the firm posted $0.94 EPS. Gaming and Leisure Properties has set its FY 2025 guidance at 3.850-3.87 EPS. As a group, equities research analysts anticipate that Gaming and Leisure Properties will post 3.81 EPS for the current fiscal year.

Gaming and Leisure Properties Company Profile

Gaming & Leisure Properties, Inc engages in the provision of acquiring, financing, and owning real estate property to be leased to gaming operators in triple-net lease arrangements. The company was founded on February 13, 2013 and is headquartered in Wyomissing, PA.