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

Key Points

• Global Net Lease, Inc. declared a quarterly dividend of $0.19 per share, payable on October 16th to stockholders of record on October 13th, reflecting a 9.3% dividend yield.
• The company's dividend payout ratio is at -140.7%, indicating it cannot cover its dividend solely through earnings and relies on its balance sheet for payments.
• Global Net Lease's recent earnings report showed an EPS of $0.24, surpassing analysts' estimates, though the firm recorded a negative return on equity of 9.71%.

Global Net Lease, Inc. (NYSE:GNL - Get Free Report) declared a quarterly dividend on Wednesday, October 1st, RTT News reports. Stockholders of record on Monday, October 13th will be given a dividend of 0.19 per share by the financial services provider on Thursday, October 16th. This represents a c) annualized dividend and a dividend yield of 9.3%.

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. Analysts expect Global Net Lease to earn $1.20 per share next year, which means the company should continue to be able to cover its $0.76 annual dividend with an expected future payout ratio of 63.3%.

Global Net Lease Stock Up 0.2%

GNL traded up $0.02 on Wednesday, hitting $8.15. 39,801 shares of the company were exchanged, compared to its average volume of 1,687,909. Global Net Lease has a 12 month low of $6.51 and a 12 month high of $8.71. The company has a market cap of $1.80 billion, a PE ratio of -5.66 and a beta of 1.22. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.13 and a current ratio of 0.13. The stock's fifty day moving average is $7.71 and its 200-day moving average is $7.63.

Global Net Lease (NYSE:GNL - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The financial services provider reported $0.24 EPS for the quarter, beating analysts' consensus estimates of $0.20 by $0.04. Global Net Lease had a negative return on equity of 9.71% and a negative net margin of 43.75%.The firm had revenue of $124.91 million for the quarter, compared to analyst estimates of $138.38 million. Equities research analysts predict that Global Net Lease will post 1.26 EPS for the current fiscal year.

Global Net Lease Company Profile

Global Net Lease, Inc NYSE: GNL is a publicly traded real estate investment trust listed on the NYSE. The firm focused on acquiring a diversified global portfolio of commercial properties, with an emphasis on sale-leaseback transactions involving single tenant, mission critical income producing net-leased assets across the United States, Western and Northern Europe.

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