Global Net Lease, Inc. (GNL) To Go Ex-Dividend on December 7th

Global Net Lease, Inc. (NYSE:GNL) announced a monthly dividend on Wednesday, September 27th, Wall Street Journal reports. Shareholders of record on Friday, December 8th will be paid a dividend of 0.1775 per share by the financial services provider on Friday, December 15th. This represents a $2.13 dividend on an annualized basis and a yield of 9.97%. The ex-dividend date is Thursday, December 7th. This is an increase from Global Net Lease’s previous monthly dividend of $0.18.

Global Net Lease has a dividend payout ratio of 105.4% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Global Net Lease to earn $2.12 per share next year, which means the company may not be able to cover its $2.13 annual dividend with an expected future payout ratio of 100.5%.

Shares of Global Net Lease (NYSE:GNL) opened at $21.37 on Wednesday. The company has a market capitalization of $1,447.34, a P/E ratio of 10.05 and a beta of 0.68. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.07 and a current ratio of 0.07. Global Net Lease has a 52 week low of $20.71 and a 52 week high of $25.25.

In other news, CEO James Larry Nelson purchased 2,000 shares of the firm’s stock in a transaction dated Monday, November 20th. The shares were acquired at an average price of $21.48 per share, with a total value of $42,960.00. The purchase was disclosed in a legal filing with the SEC, which is available through this link. 0.19% of the stock is owned by insiders.

GNL has been the topic of several research analyst reports. B. Riley reissued a “neutral” rating and set a $26.00 price target on shares of Global Net Lease in a research note on Tuesday, November 7th. Zacks Investment Research lowered Global Net Lease from a “hold” rating to a “sell” rating in a research note on Monday, October 2nd. FBR & Co reissued a “hold” rating on shares of Global Net Lease in a research note on Tuesday, October 10th. Finally, BidaskClub raised Global Net Lease from a “strong sell” rating to a “sell” rating in a research note on Tuesday, August 22nd.

TRADEMARK VIOLATION NOTICE: “Global Net Lease, Inc. (GNL) To Go Ex-Dividend on December 7th” was first published by Community Financial News and is the property of of Community Financial News. If you are accessing this article on another domain, it was stolen and republished in violation of U.S. & international copyright law. The original version of this article can be viewed at https://www.com-unik.info/2017/12/06/global-net-lease-inc-gnl-to-go-ex-dividend-on-december-7th.html.

Global Net Lease Company Profile

Global Net Lease, Inc is a real estate investment trust. The Company’s business consists of owning, managing, operating, leasing, acquiring, investing in and disposing of real estate assets. It owns and invests in commercial properties principally in the United States, the United Kingdom and continental Europe that are then leased to companies.

Dividend History for Global Net Lease (NYSE:GNL)

What are top analysts saying about Global Net Lease Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Global Net Lease Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit