The GEO Group Dividend Offers 7.5% Yield

The GEO Group, Inc. GEO revealed Wednesday that its Board declared a quarterly cash dividend of $0.65 per share. The company indicated that the cash dividend would be paid on August 12 to its shareholders, whose name appears as on August 1. The dividend provided 7.5 percent yield.

The company's Chairman and CEO, George Zoley, commented: "We are pleased to declare a quarterly cash dividend of $0.65 per share, or $2.60 per share annualized, which is indicative of our continued commitment to return value to our shareholders."

The stock edged up by 0.78 percent on Wednesday.