Global Net Lease Inc. Announces Monthly Dividend of $0.06 (GNL)
Global Net Lease Inc. (NYSE:GNL) announced a monthly dividend on Wednesday, September 28th. Stockholders of record on Thursday, December 8th will be given a dividend of 0.0592 per share on Thursday, December 15th. This represents a $0.71 annualized dividend and a dividend yield of 8.52%. The ex-dividend date of this dividend is Tuesday, December 6th.
Global Net Lease (NYSE:GNL) traded up 0.85% during mid-day trading on Wednesday, hitting $8.33. The stock had a trading volume of 413,881 shares. The stock’s 50-day moving average is $8.30 and its 200 day moving average is $8.38. Global Net Lease has a 52 week low of $5.77 and a 52 week high of $9.29. The company has a market capitalization of $1.41 billion, a P/E ratio of 35.91 and a beta of 0.52.
Global Net Lease (NYSE:GNL) last posted its quarterly earnings results on Monday, August 8th. The company reported $0.09 earnings per share (EPS) for the quarter. Global Net Lease had a return on equity of 3.36% and a net margin of 18.87%. The business had revenue of $53.20 million for the quarter, compared to analyst estimates of $49.10 million.
About Global Net Lease
Global Net Lease, Inc is a real estate investment trust that focuses on acquiring and managing a portfolio of strategically located commercial real estate properties. The Company’s business consists of owning, managing, operating, leasing, acquiring, investing in and disposing of real estate assets. The Company focuses its investments on commercial and retail properties, including special use single tenant properties.
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