Gaming and Leisure Properties, Inc. Declares an increased Second Quarter 2021 Cash Dividend of $0.67 Per Share
May 20 2021 - 5:38PM
Gaming and Leisure Properties, Inc. (NASDAQ: GLPI) (the “Company”),
announced today that the Company’s Board of Directors declared the
second quarter 2021 cash dividend of $0.67 per share of its common
stock, an increase of $.02 per share per quarter, or 3 percent. The
dividend is payable on June 25, 2021 to shareholders of record on
June 11, 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 expected 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;
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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