Wednesday Is Your Last Chance To Buy Gaming and Leisure Props Before The Dividend Payout

Wednesday marks the last chance for investors to receive the next dividend payout from Gaming and Leisure Props GLPI.

What's Happening

The company announced on Wednesday that it would pay shareholders a quarterly dividend of 70.5 cents per share. On Thursday, Gaming and Leisure Props will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 70.5 cents lower than it would have opened on any other day.

In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Thursday. Shareholders who own GLPI as of the end of Wednesday's session are eligible to receive the 70.5 cents dividend payout for every share that they own.

According to the company, this dividend will be paid out to shareholders on December 23, 2022. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way.

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Posted In: BZI-ExDivDividends