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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
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January 26, 2015
08:41 EDTGLPIRegional gaming outlook has improved, says Wells Fargo
Wells Fargo is more upbeat on regional gaming stocks, citing improving same-store trends within the sector, significantly lower gas prices which the firm thinks could boost regional gaming companies, and a slowdown in supply growth within the sector. The firm also cited improving casual dining trends, which it says are highly correlated with regional gaming trends, as a reason for its increased optimism. It keeps Outperform ratings on Churchill Downs (CHDN), Gaming and Leisure (GLPI), and Penn National (PENN).

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