WYOMISSING, PA — Gaming and Leisure Properties, Inc. (NASDAQ: GLPI), a prominent player in the real estate sector catering to gaming operators, has declared its fourth quarter 2023 cash dividend. The Company’s Board of Directors have approved a dividend of $0.73 per share of its common stock, which represents an increase from the fourth quarter 2022 cash dividend of $0.705 per share.
The dividend is set to be paid on December 22, 2023, to shareholders who are on record as of December 8, 2023. This move underlines the company’s commitment to providing value to its shareholders and maintaining a steady dividend payout.
Based in Wyomissing, Pennsylvania, Gaming and Leisure Properties has made a name for itself in the business of acquiring, financing, and owning real estate property. These properties are leased to gaming operators in triple-net lease arrangements, making the tenant responsible for all facility maintenance, insurance, taxes, utilities, and other services necessary for the business conducted on the leased properties.
While the Company has expressed its intention to continue paying regular quarterly cash dividends for the foreseeable future, it has also stated that all subsequent dividends will be reviewed and declared by the Board of Directors at its discretion. This prudent approach ensures a balance between shareholder returns and the strategic financial management of the company.
The declaration of this dividend underscores Gaming and Leisure Properties’ robust financial health and its commitment to delivering value to its shareholders. It serves as a testament to the company’s successful operations and its strategic focus on fostering growth and profitability.
Investors and interested parties can expect further updates about the company’s financial performance and dividend payouts in the upcoming quarterly reviews. With its strong market position and commitment to creating shareholder value, Gaming and Leisure Properties continues to be a noteworthy player in the real estate and gaming industry.
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