Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Increases Dividend to $0.82 Per Share

Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) announced a quarterly dividend on Wednesday, May 20th. Investors of record on Friday, June 12th will be paid a dividend of 0.82 per share by the real estate investment trust on Friday, June 26th. This represents a c) dividend on an annualized basis and a dividend yield of 6.9%. The ex-dividend date is Friday, June 12th. This is a 5.1% increase from Gaming and Leisure Properties’s previous quarterly dividend of $0.78.

Gaming and Leisure Properties has raised its dividend by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 2 years. Gaming and Leisure Properties has a payout ratio of 100.0% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Analysts expect Gaming and Leisure Properties to earn $4.16 per share next year, which means the company should continue to be able to cover its $3.12 annual dividend with an expected future payout ratio of 75.0%.

Gaming and Leisure Properties Stock Down 0.7%

Shares of Gaming and Leisure Properties stock opened at $47.22 on Thursday. The company has a quick ratio of 6.29, a current ratio of 6.29 and a debt-to-equity ratio of 1.62. Gaming and Leisure Properties has a 12 month low of $41.17 and a 12 month high of $49.95. The business has a fifty day simple moving average of $46.75 and a 200 day simple moving average of $45.74. The stock has a market cap of $13.38 billion, a PE ratio of 14.99, a price-to-earnings-growth ratio of 2.05 and a beta of 0.68.

Gaming and Leisure Properties (NASDAQ:GLPI) last announced its quarterly earnings data on Thursday, April 23rd. The real estate investment trust reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.06. Gaming and Leisure Properties had a return on equity of 18.06% and a net margin of 55.56%.The business had revenue of $419.99 million during the quarter, compared to analysts’ expectations of $417.15 million. During the same period in the previous year, the firm earned $0.96 earnings per share. The firm’s quarterly revenue was up 6.3% compared to the same quarter last year. Gaming and Leisure Properties has set its FY 2026 guidance at 4.080-4.120 EPS. Research analysts predict that Gaming and Leisure Properties will post 4 EPS for the current year.

Gaming and Leisure Properties Company Profile

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.