New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
January 3, 2014
17:45 EDTGLPIGaming and Leisure Properties declares $11.85 per share special dividend
Gaming and Leisure Properties announced that its board declared a special dividend to shareholders in connection with its previously announced intention to qualify as a real estate investment trust in 2014 following its separation from Penn National Gaming (PENN) on November 1, 2013. The special dividend of $1.05B, or approximately $11.85 per share, will be paid on February 18 to shareholders of record on January 13. The amount of cash to be distributed will be $210M, or 20% of the total distribution, with the remainder to be paid in shares of GLPI common stock. Although the company does not anticipate the need for a further dividend to complete the purge of its historical earnings and profits, if the company later determines that a subsequent dividend is necessary to qualify as a REIT in 2014, it would expect to declare and pay an additional dividend of earnings and profits no later than December 31.
News For GLPI From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
March 18, 2015
08:32 EDTGLPIGaming and Leisure could pay $42/share for Pinnacle, says JPMorgan
JPMorgan believes Gaming and Leisure Properties (GLPI) could raise its offer for Pinnacle Entertainment (PNK) to $42 per share from the current $35.77 consideration. It thinks the offer at $42 would make financial sense for both companies. JPMorgan raised its price target for Gaming and Leisure to $40 from $36 and for Pinnacle to $42 from $36. It keeps Overweight ratings on both names.

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use