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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
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February 4, 2016
07:15 EDTGLPIGaming and Leisure Properties eyeing Meadows acquisition to close in 2H16
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07:14 EDTGLPIGaming and Leisure Properties sees Q1 AFFO 70c, consensus 66c
Sees Q1 revenue $149.4M, consensus $149.41M. Sees Q1 adjusted EBITDA $113.8M.
07:13 EDTGLPIGaming and Leisure Properties sees FY16 AFFO $2.80, consensus $2.68
Sees FY16 revenue $591.4M, consensus $644.91M. Sees FY16 adjusted EBITDA $456.5M. Guidance excludes any impact of the acquisition of PNK's real estate assets, which was announced on July 21, 2015 and any impact of the acquisition of the Meadows, which was announced on December 16, 2015.
07:11 EDTGLPIGaming and Leisure Properties reports Q4 AFFO 68c, consensus 65c
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