Gaming and Leisure Properties, Inc. Declares First Quarter 2021 Cash Dividend of $0.65 Per Share
February 23 2021 - 4:15PM
Gaming and Leisure Properties, Inc. (NASDAQ: GLPI) (the “Company”)
announced today that at its meeting yesterday, the Company’s Board
of Directors declared the first quarter 2021 cash dividend of $0.65
per share of its common stock (this dividend payment reflects the
impact of the common stock issuance of 9.2 million shares during
the fourth quarter 2020 and 8.0 million shares related to stock
dividend payments during 2020). The dividend is payable on March
23, 2021 to shareholders of record on March 9, 2021.
While the Company intends to pay regular
quarterly cash dividends for the foreseeable future, all subsequent
dividends will be reviewed quarterly and declared by the Board of
Directors at its discretion.
About Gaming and Leisure
PropertiesGLPI is engaged in the business of acquiring,
financing, and owning real estate property to be leased to gaming
operators in triple-net lease arrangements, pursuant to which the
tenant is responsible for all facility maintenance, insurance
required in connection with the leased properties and the business
conducted on the leased properties, taxes levied on or with respect
to the leased properties and all utilities and other services
necessary or appropriate for the leased properties and the business
conducted on the leased properties.
Forward-Looking StatementsThis
press release includes “forward-looking statements” within the
meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended,
including our expectations regarding future dividend payments.
Forward-looking statements can be identified by the use of
forward-looking terminology such as “expects,” “believes,”
“estimates,” “intends,” “may,” “will,” “should” or “anticipates” or
the negative or other variation of these or similar words, or by
discussions of future events, strategies or risks and
uncertainties. Such forward looking statements are inherently
subject to risks, uncertainties and assumptions about GLPI and its
subsidiaries, including risks related to the following: the effect
of pandemics such as COVID-19 on GLPI as a result of the impact of
such pandemics on the business operations of GLPI’s tenants and
their continued ability to pay rent in a timely manner or at all;
GLPI’s ability to successfully consummate the announced
transactions with Bally's and Penn, including the ability of the
parties to satisfy the various conditions to closing, including
receipt of all required regulatory approvals, or other delays or
impediments to completing the proposed transactions; the
availability of and the ability to identify suitable and attractive
acquisition and development opportunities and the ability to
acquire and lease those properties on favorable terms; the ability
to receive, or delays in obtaining, the regulatory approvals
required to own and/or operate its properties, or other delays or
impediments to completing acquisitions or projects; GLPI's ability
to maintain its status as a REIT; our ability to access capital
through debt and equity markets in amounts and at rates and costs
acceptable to GLPI; the impact of our substantial indebtedness on
our future operations; changes in the U.S. tax law and other state,
federal or local laws, whether or not specific to REITs or to the
gaming or lodging industries; and other factors described in GLPI’s
Annual Report on Form 10-K for the year ended December 31, 2020,
Quarterly Reports on Form 10-Q and Current Reports on Form 8-K,
each as filed with the Securities and Exchange Commission. All
subsequent written and oral forward-looking statements attributable
to GLPI or persons acting on GLPI’s behalf are expressly qualified
in their entirety by the cautionary statements included in this
press release. GLPI undertakes no obligation to publicly update or
revise any forward-looking statements contained or incorporated by
reference herein, whether as a result of new information, future
events or otherwise, except as required by law. In light of these
risks, uncertainties and assumptions, the forward-looking events
discussed in this press release may not occur as presented or at
all.
Contact: |
Gaming and
Leisure Properties, Inc. |
|
Investor
Relations |
Matthew Demchyk, Chief Investment Officer |
|
Joseph Jaffoni, Richard Land, James Leahy at JCIR |
610/401-2900 |
|
212/835-8500 |
investorinquiries@glpropinc.com |
|
glpi@jcir.com |
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