Gaming and Leisure Properties, Inc. (GLPI) to Issue Quarterly Dividend of $0.78 on March 27th

Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) announced a quarterly dividend on Wednesday, February 18th. Stockholders of record on Friday, March 13th will be paid a dividend of 0.78 per share by the real estate investment trust on Friday, March 27th. This represents a c) dividend on an annualized basis and a dividend yield of 6.6%. The ex-dividend date of this dividend is Friday, March 13th.

Gaming and Leisure Properties has raised its dividend by an average of 0.0%per year over the last three years and has raised its dividend annually for the last 2 consecutive years. Gaming and Leisure Properties has a payout ratio of 100.0% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities 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 $3.12 annual dividend with an expected future payout ratio of 78.4%.

Gaming and Leisure Properties Trading Down 0.2%

Shares of NASDAQ:GLPI traded down $0.12 during midday trading on Friday, reaching $47.23. The company had a trading volume of 2,276,500 shares, compared to its average volume of 2,372,722. The company has a debt-to-equity ratio of 1.47, a quick ratio of 13.23 and a current ratio of 13.23. Gaming and Leisure Properties has a 1-year low of $41.17 and a 1-year high of $52.24. The firm has a market cap of $13.37 billion, a price-to-earnings ratio of 17.11, a price-to-earnings-growth ratio of 2.58 and a beta of 0.67. The company has a fifty day simple moving average of $45.25 and a two-hundred day simple moving average of $45.43.

Gaming and Leisure Properties (NASDAQ:GLPI) last announced its earnings results on Thursday, February 19th. The real estate investment trust reported $0.99 EPS for the quarter, topping the consensus estimate of $0.98 by $0.01. Gaming and Leisure Properties had a net margin of 49.54% and a return on equity of 16.34%. The company had revenue of $407.03 million during the quarter, compared to analysts’ expectations of $406.02 million. During the same period last year, the company posted $0.95 earnings per share. The business’s revenue for the quarter was up 4.5% on a year-over-year basis. Gaming and Leisure Properties has set its FY 2026 guidance at 4.060-4.110 EPS. Research analysts predict that Gaming and Leisure Properties will post 3.81 earnings per share for the current year.

About Gaming and Leisure Properties

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.