MGM Growth Properties (MGP) Raises Quarterly Dividend 1.9% to $0.3950; 5.5% Yield
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MGM Growth Properties LLC Announces Increased Quarterly Dividend
June 15, 2017 8:45 AM EDT
LAS VEGAS, June 15, 2017 /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 June 30, 2017 of $0.3950 per unit for the second quarter. Simultaneously, MGP's board of directors declared a quarterly cash dividend of $0.3950 per Class A common share for the second quarter. On an annualized basis, this dividend of $1.58 represents an increase of $0.03 per share per year, a 1.9%... More
