MGM Growth Properties (MGP) Declares $0.3950 Quarterly Dividend; 5.2% Yield

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MGM Growth Properties LLC Announces Quarterly Dividend

September 15, 2017 8:45 AM EDT

LAS VEGAS, Sept. 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 September 29, 2017 of $0.3950 per unit for the third quarter.  Simultaneously, MGP's board of directors declared a quarterly cash dividend of $0.3950 per Class A common share for the third quarter (which represents a dividend of $1.58 on an annualized basis).  The dividends will be payable on October 13, 2017 to unit holders and shareholders of record as of the close of business on September... More