The GEO Group Declares Quarterly Cash Dividend of $0.47 Per Share
July 10 2017 - 6:55AM
Business Wire
The GEO Group, Inc. (NYSE: GEO) ("GEO") announced that on
July 10, 2017, its Board of Directors declared a quarterly cash
dividend of $0.47 per share. The quarterly cash dividend will be
paid on July 28, 2017 to shareholders of record as of the close of
business on July 21, 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 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/20170710005461/en/
The GEO Group, Inc.Pablo E. Paez, 1-866-301-4436Vice President,
Corporate Relations
Geo (NYSE:GEO)
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