MGM Growth Properties (MGP) Raises Quarterly Dividend 8.4% to $0.3875; 6.3% Yield

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Go back to MGM Growth Properties (MGP) Raises Quarterly Dividend 8.4% to $0.3875; 6.3% Yield

MGM Growth Properties LLC Announces Increased Regular Quarterly Dividend

September 15, 2016 8:30 AM EDT

LAS VEGAS, Sept. 15, 2016 /PRNewswire/ -- MGM Growth Properties LLC ("MGP") (NYSE: MGP) today announced that MGM Growth Properties Operating Partnership LP declared a cash distribution to all unit holders of record, including MGP, on September 30, 2016 of $0.3875 per unit for the third quarter.  Simultaneously, MGP's board of directors declared a quarterly cash dividend of $0.3875 per Class A common share for the third quarter.  On an annualized basis, this dividend of $1.55 represents an increase of $0.12 per share per year, an 8.4% increase over the prior annual rate of $1.43.  This increase is a... More