MGM Growth Properties (MGP) Raises Quarterly Dividend 2.4% to $0.43; 5.7% Yield

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Go back to MGM Growth Properties (MGP) Raises Quarterly Dividend 2.4% to $0.43; 5.7% Yield

MGM Growth Properties LLC Announces Increased Quarterly Dividend

June 15, 2018 9:00 AM EDT

LAS VEGAS, June 15, 2018 /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 29, 2018 of $0.43 per unit for the second quarter.  Simultaneously, MGP's board of directors declared a quarterly cash dividend of $0.43 per Class A common share for the second quarter. On an annualized basis, this dividend of $1.72 represents an increase of $0.04 per share per year, a 2.4% increase over the prior annual rate of $1.68. This is the 4th dividend increase... More