The GEO Group Declares Quarterly Cash Dividend of $0.48 Per Share
February 03 2020 - 06:45AM
Business Wire
The GEO Group, Inc. (NYSE: GEO) ("GEO") announced that on
February 3, 2020, its Board of Directors declared a quarterly cash
dividend of $0.48 per share. The quarterly cash dividend will be
paid on February 21, 2020 to shareholders of record as of the close
of business on February 14, 2020.
George C. Zoley, Chairman and Chief Executive Officer of GEO,
said: “We are pleased to declare a quarterly cash dividend of $0.48
per share, or $1.92 per share annualized, which is indicative of
our continued commitment to return value to our shareholders.”
The GEO Group (NYSE: GEO) is
the first fully integrated equity real estate investment trust
specializing in the design, financing, development, and operation
of secure facilities, processing centers, and community reentry
centers in the United States, Australia, South Africa, and the
United Kingdom. GEO is a leading provider of enhanced in-custody
rehabilitation, post-release support, electronic monitoring, and
community-based programs. GEO’s worldwide operations include the
ownership and/or management of 130 facilities totaling
approximately 96,000 beds, including projects under development,
with a growing workforce of approximately 23,000
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: https://www.businesswire.com/news/home/20200203005165/en/
Pablo E. Paez, 1-866-301-4436 Executive Vice President,
Corporate Relations
Geo (NYSE:GEO)
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