MGM Growth Properties LLC (MGP) will raise its quarterly dividend by another 1.7 percent to $0.43 75 per share in the second half of 2018. This marks the 5th dividend increase since MGP's initial public offering in April 2016.

The increased dividend will be payable on October 15, 2018 to shareholders of record as of the close of business on September 28, 2018. The ex-date for this next dividend is September 27, 2018. The new annual dividend of $1.75 per share yields 6.0% at a stock price of $29.32.

MGM Growth Properties LLC is one of the leading publicly traded real estate investment trusts engaged in the acquisition, ownership and leasing of large-scale destination entertainment and leisure resorts, whose diverse amenities include casino gaming, hotel, convention, dining, entertainment and retail offerings.