Gaming and Leisure Properties As of October 10, 2023 ticker dps (an.) 2024 hike 2023 hike 2022 hike
GLPI $2.92 3.5% 5.2% 11.7%
Business yield Hike yrs 5 yr CAGR freq. paid since
Casino Properties REIT 6.3% 3 1.4% Quarter 2014
Gaming and Leisure Properties hikes dividend by 2.9%

Gaming and Leisure Properties (GLPI) will raise its quarterly dividend by 2.9 percent to $0.70 per share in the fourth quarter of 2019. This follows a 7.9 percent dividend hike last year by the REIT.

The next dividend is payable on December 27, 2019 to shareholders of record on December 13, 2019. A new annualized dividend rate of $2.80 per share yields 6.4% at a stock price of $42.35.

Gaming and Leisure Properties, Inc. is a Pennsylvania real estate investment trust (REIT). The Company is engaged in the business of acquiring, financing and owning real estate property to be leased to gaming operators in triple net lease arrangements. GLP’s portfolio currently consists of 43 gaming and related facilities, which are geographically diversified across 15 states. Its tenants include Penn National Gaming, Inc., Casino Queen, Pinnacle Entertainment, Inc. and Eldorado Resorts, Inc. GLP also owns and operates Hollywood Casino Baton Rouge and Hollywood Casino Perryville through an indirect wholly-owned subsidiary, GLP Holdings, Inc.