MGM Growth Properties (MGP) Raises Quarterly Dividend 6.3% to $0.42; 5.8% Yield
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MGM Growth Properties LLC Announces Increased Quarterly Dividend
December 15, 2017 8:45 AM ESTLAS VEGAS, Dec. 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 December 29, 2017 of $0.42 per unit for the fourth quarter. Simultaneously, MGP's board of directors declared a quarterly cash dividend of $0.42 per Class A common share for the fourth quarter. On an annualized basis, this dividend of $1.68 represents an increase of $0.10 per share per year, a 6.3% increase over the prior annual rate of $1.58. This is the 3rd dividend increase since... More
