Moody's Downgrades GEO Group (GEO) to 'B1'; Outlook Revised to Negative
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GEO Group (GEO) Not Planning to Cut Dividend; May Evaluate Potential Increase - Conf. Call
August 19, 2016 11:38 AM EDTGEO Group (NYSE: GEO) says will review dividend. Current payout ratio target is 75 percent of AFFO. Last quarter was about 72 percent. The company plans to review and may increase. Amid the news, the company said it has enough cash to possibly raise the payout ratio.
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