MGM Growth Properties (MGP) will raise its quarterly dividend by 1.0 percent to $0.53 per share. The next dividend will be paid on April 14, 2022. The ex-dividend date for this increased MGP dividend is March 30, 2022 and the annual dividend yield is 5.8% at a stock price of $36.52.
MGM Growth Properties 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. The company owns Las Vegas Strip properties including Mandalay Bay, The Mirage, Monte Carlo, New York-New York, Luxor and Excalibur.