MGM Growth Properties (MGP) Raises Quarterly Dividend 1.7% to $0.4375; 5.9% Yield
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MGM Growth Properties LLC Announces Increased Quarterly Dividend
September 17, 2018 9:00 AM EDTLAS VEGAS, Sept. 17, 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 September 28, 2018 of $0.4375 per unit for the third quarter. Simultaneously, MGP's board of directors declared a quarterly cash dividend of $0.4375 per Class A common share for the third quarter. On an annualized basis, this dividend of $1.75 represents an increase of $0.07 per share year to date, for a total increase of 4.2%. This is the 5th dividend increase since MGP's... More
