MGM Growth Properties (MGP) Raises Quarterly Dividend 2.3% to $0.4475; 6.2% Yield

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Go back to MGM Growth Properties (MGP) Raises Quarterly Dividend 2.3% to $0.4475; 6.2% Yield

MGM Growth Properties Increases Quarterly Dividend To An Annualized Rate Of $1.79 Per Share

December 14, 2018 9:00 AM EST

LAS VEGAS, Dec. 14, 2018 /PRNewswire/ -- MGM Growth Properties LLC ("MGP") (NYSE: MGP) today announced that its board of directors declared a quarterly cash dividend of $0.4475 per Class A common share for the fourth quarter. On an annualized basis, the dividend of $1.79 represents an increase of $0.11 per share year to date, for a total increase of approximately 6.5%.  This is the 6th dividend increase since MGP's initial public offering in April 2016. The dividend will be payable on January 15, 2019 to shareholders of record as of the close of business on December 31, 2018.... More