Global Net Lease, Inc. (GNL) to Issue Monthly Dividend of $0.18 on November 15th

Global Net Lease, Inc. (NYSE:GNL) declared a monthly dividend on Wednesday, September 27th, Wall Street Journal reports. Investors of record on Wednesday, November 8th will be paid a dividend of 0.1775 per share by the financial services provider on Wednesday, November 15th. This represents a $2.13 dividend on an annualized basis and a dividend yield of 9.86%. The ex-dividend date is Tuesday, November 7th.

Global Net Lease has a dividend payout ratio of 102.4% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Global Net Lease to earn $2.17 per share next year, which means the company should continue to be able to cover its $2.13 annual dividend with an expected future payout ratio of 98.2%.

COPYRIGHT VIOLATION WARNING: “Global Net Lease, Inc. (GNL) to Issue Monthly Dividend of $0.18 on November 15th” was originally posted by Sports Perspectives and is owned by of Sports Perspectives. If you are reading this piece of content on another domain, it was illegally stolen and reposted in violation of international copyright & trademark law. The original version of this piece of content can be accessed at https://sportsperspectives.com/2017/11/02/global-net-lease-inc-gnl-to-issue-monthly-dividend-of-0-18-on-november-15th.html.

A number of research analysts have recently commented on GNL shares. Zacks Investment Research lowered Global Net Lease from a “hold” rating to a “sell” rating in a report on Monday, October 2nd. BidaskClub lowered Global Net Lease from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 9th. Finally, FBR & Co reiterated a “hold” rating on shares of Global Net Lease in a report on Tuesday, October 10th.

About Global Net Lease

Global Net Lease, Inc is a real estate investment trust. The Company’s business consists of owning, managing, operating, leasing, acquiring, investing in and disposing of real estate assets. It owns and invests in commercial properties principally in the United States, the United Kingdom and continental Europe that are then leased to companies.

Dividend History for Global Net Lease (NYSE:GNL)

Receive News & Ratings for Global Net Lease Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Global Net Lease Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply