GEO Group (GEO) Expects to Cut Dividend

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Go back to GEO Group (GEO) Expects to Cut Dividend

The GEO Group Reports Second Quarter 2020 Results and Issues Updated Financial and Dividend Guidance

August 6, 2020 6:55 AM EDT

2Q20 Net Income Attributable to GEO of $0.31 per diluted share 2Q20 AFFO of $0.66 per diluted share Updated FY20 guidance for Net Income Attributable to GEO of $0.95-$0.99 per diluted share and Adjusted Net Income of $1.07 to $1.11 per diluted share Updated FY20 AFFO guidance of $2.29-$2.33 per diluted share Expects to reduce quarterly dividend to $0.34 per share, $1.36 per share annualized Expects to allocate $50-$100 million in excess cash flow annually to debt repayment

BOCA RATON, Fla.--(BUSINESS WIRE)-- The GEO... More