Global Net Lease Inc. (gnl) Announces Monthly Dividend of $0.06
Global Net Lease Inc. (NYSE:gnl) announced a monthly dividend on Tuesday, September 27th. Shareholders of record on Friday, October 7th will be given a dividend of 0.059 per share on Friday, October 14th. This represents a $0.71 annualized dividend and a yield of 8.66%. The ex-dividend date is Wednesday, October 5th.
Shares of Global Net Lease (NYSE:GNL) opened at 8.18 on Friday. The firm’s 50-day moving average price is $8.29 and its 200 day moving average price 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 $1.38 billion, a PE ratio of 35.26 and a beta of 0.52.
Global Net Lease (NYSE:GNL) last announced its quarterly earnings results on Monday, August 8th. The company reported $0.09 EPS for the quarter. Global Net Lease had a net margin of 18.87% and a return on equity of 3.36%. The firm earned $53.20 million during the quarter, compared to the consensus estimate 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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