CoreCivic (CXW) Declares $0.42 Quarterly Dividend; 8.3% Yield

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Go back to CoreCivic (CXW) Declares $0.42 Quarterly Dividend; 8.3% Yield

CoreCivic Declares Quarterly Cash Dividend of $0.42 Per Share

December 8, 2016 5:09 PM EST

NASHVILLE, Tenn., Dec. 08, 2016 (GLOBE NEWSWIRE) -- CoreCivic, Inc. (NYSE: CXW) (the Company") announced today that its Board of Directors declared a quarterly dividend of $0.42 per share to be paid on January 13, 2017, to shareholders of record as of the close of business on January 3, 2017. The authorized dividend represents a payout of approximately 80 percent of the Company's Adjusted Funds From Operations ("AFFO") per share, or 75 percent of Normalized Funds From Operations ("FFO"), based on the Company's 2017 financial guidance provided on November 2, 2016. 

Damon Hininger, CoreCivic's President and Chief Executive Officer,... More