The GEO Group Declares Quarterly Cash Dividend of $0.20 Per Share
The GEO Group, Inc. (NYSE: GEO) announced that on August 7, 2012, its Board of Directors declared a quarterly cash dividend of $0.20 per share which will be paid on September 7, 2012 to shareholders of record as of the close of business on August 21, 2012.
George C. Zoley, Chairman and Chief Executive Officer of GEO, said: “We believe that the initiation of our dividend policy with our first quarterly dividend of $0.20 per share, or $0.80 per share annually, is indicative of our long-term view that we can meaningfully return value to our shareholders while continuing to deleverage and pursue quality earnings growth.”
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