The GEO Group Declares Quarterly Cash Dividend of $0.47 Per Share
April 26 2017 - 6:55AM
Business Wire
Reflects the Effect of Recent 3-for-2 Split
of GEO’s Common Stock
The GEO Group, Inc. (NYSE: GEO) ("GEO") announced that on
April 25, 2017, its Board of Directors declared a quarterly cash
dividend of $0.47 per share. GEO’s quarterly cash dividend reflects
the effect of the recent 3-for-2 split of GEO’s common stock, which
began trading at the split-adjusted price on April 25, 2017. The
quarterly cash dividend will be paid on May 19, 2017, to
shareholders of record as of the close of business on May 9,
2017.
George C. Zoley, Chairman and Chief Executive Officer of GEO,
said, “We are pleased to declare a quarterly cash dividend of $0.47
per share, or $1.88 per share annualized, which is consistent with
our previous split-adjusted quarterly cash dividend and is
indicative of our continued commitment to return value to our
shareholders.”
The GEO Group, Inc. (NYSE: GEO) is the first fully integrated
equity real estate investment trust specializing in the design,
financing, development, and operation of correctional, detention,
and community reentry facilities around the globe. GEO is the
world's leading provider of diversified correctional, detention,
community reentry, and electronic monitoring services to government
agencies worldwide with operations in the United States, Australia,
South Africa, and the United Kingdom. GEO's worldwide operations
include the ownership and/or management of 143 facilities totaling
approximately 100,000 beds, including projects under development,
with a growing workforce of approximately 23,500 professionals.
This press release contains forward-looking statements regarding
future events and the future performance of GEO that involve risks
and uncertainties that could materially affect actual results,
including statements regarding the timing and amount of dividends.
Factors that could cause actual results to vary from current
expectations and forward-looking statements contained in this press
release include, but are not limited to: (1) GEO’s ability to
declare future quarterly cash dividends and the timing and amount
of such future dividends; (2) GEO’s ability to successfully pursue
further growth and continue to enhance shareholder value; (3) GEO’s
ability to access the capital markets in the future on satisfactory
terms or at all; (4) GEO’s ability to control operating costs
associated with contract start-ups; (5) GEO’s ability to timely
open facilities as planned, profitably manage such facilities and
successfully integrate such facilities into GEO’s operations
without substantial costs; (6) GEO’s ability to win management
contracts for which it has submitted proposals and to retain
existing management contracts; (7) GEO’s ability to obtain future
financing on acceptable terms or at all; (8) GEO’s ability to
sustain company-wide occupancy rates at its facilities; and (9)
other factors contained in GEO’s Securities and Exchange Commission
filings, including its Form 10-K, 10-Q and 8-K reports.
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version on businesswire.com: http://www.businesswire.com/news/home/20170426005532/en/
The GEO Group, Inc.Pablo E. Paez, 1-866-301-4436Vice President,
Corporate Relations
Geo (NYSE:GEO)
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