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MGM Growth Properties LLC (MGM Growth Properties LLC) 3-Year Dividend Growth Rate : 5.80% (As of Mar. 2022)


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What is MGM Growth Properties LLC 3-Year Dividend Growth Rate?

MGM Growth Properties LLC's Dividends per Share for the three months ended in Mar. 2022 was $0.53.

The historical rank and industry rank for MGM Growth Properties LLC's 3-Year Dividend Growth Rate or its related term are showing as below:

MGP' s 3-Year Dividend Growth Rate Range Over the Past 10 Years
Min: 5.8   Med: 6.6   Max: 21.7
Current: 5.8

During the past 8 years, the highest 3-Year average Dividends Per Share Growth Rate of MGM Growth Properties LLC was 21.70% per year. The lowest was 5.80% per year. And the median was 6.60% per year.

MGP's 3-Year Dividend Growth Rate is not ranked
in the REITs industry.
Industry Median: 2.25 vs MGP: 5.80

During the past 12 months, MGM Growth Properties LLC's average Dividends Per Share Growth Rate was 6.80% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 5.80% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 12.30% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.

MGM Growth Properties LLC's Dividend Payout Ratio for the three months ended in Mar. 2022 was 1.21. As of today, MGM Growth Properties LLC's Dividend Yield % is 5.02%.

Warning Sign:

If a company dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of MGM Growth Properties LLC is 1.54, which seems too high.

Warning Sign:

MGM Growth Properties LLC stock dividend yield is close to 5-year low.

For more information regarding to dividend, please check our Dividend Page.


Competitive Comparison of MGM Growth Properties LLC's 3-Year Dividend Growth Rate

For the REIT - Diversified subindustry, MGM Growth Properties LLC's 3-Year Dividend Growth Rate, along with its competitors' market caps and 3-Year Dividend Growth Rate data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


MGM Growth Properties LLC's 3-Year Dividend Growth Rate Distribution in the REITs Industry

For the REITs industry and Real Estate sector, MGM Growth Properties LLC's 3-Year Dividend Growth Rate distribution charts can be found below:

* The bar in red indicates where MGM Growth Properties LLC's 3-Year Dividend Growth Rate falls into.



MGM Growth Properties LLC 3-Year Dividend Growth Rate Calculation

This is the average annual rate that a company has been raising its dividends. The growth rate is calculated with expontential compound based on the latest four year annual data.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.


MGM Growth Properties LLC  (NYSE:MGP) 3-Year Dividend Growth Rate Explanation

1. Dividend Payout Ratio measures the percentage of the company's earnings paid out as dividends.

MGM Growth Properties LLC's Dividend Payout Ratio for the quarter that ended in Mar. 2022 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Mar. 2022 )/ EPS without NRI (Q: Mar. 2022 )
=0.53/ 0.44
=1.20

During the past 8 years, the highest Dividend Payout Ratio of MGM Growth Properties LLC was 3.28. The lowest was 1.51. And the median was 2.06.

Warning Sign:

If a company dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of MGM Growth Properties LLC is 1.54, which seems too high.

2. Dividend Yield % measures how much a company pays out in dividends each year relative to its share price.

During the past 8 years, the highest Dividend Yield of MGM Growth Properties LLC was 11.73%. The lowest was 0.97%. And the median was 5.56%.

Warning Sign:

MGM Growth Properties LLC stock dividend yield is close to 5-year low.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


MGM Growth Properties LLC 3-Year Dividend Growth Rate Related Terms>


MGM Growth Properties LLC (MGM Growth Properties LLC) Business Description

Traded in Other Exchanges
N/A
Address
1980 Festival Plaza Drive, Suite 750, Las Vegas, NV, USA, 89135
MGM Growth Properties LLC is a real estate investment trust engaged in owning, acquiring and leasing large-scale casino resort properties, including casino gaming, hotel, convention, dining, entertainment, retail and mixed-use facilities, and other resort amenities. The company's property portfolio consists of entertainment and gaming-related properties located on the Las Vegas Strip Mandalay Bay, The Mirage, Monte Carlo, New York-New York, Luxor and Excalibur, and The Park, a dining and entertainment complex located between New York-New York and Monte Carlo. It owns casino resort properties MGM Grand Detroit in Detroit, Michigan, Beau Rivage and Gold Strike Tunica, located in Mississippi, Borgata in Atlantic City, New Jersey, and MGM National Harbor in Prince George's County, Maryland.
Executives
Andy H Chien officer: CFO and Treasurer C/O MGM GROWTH PROPERTIES LLC, 6385 S. RAINBOW BLVD., SUITE 500, LAS VEGAS NV 89118
Paul J Salem director 50 KENNEDY PLAZA, 18TH FLOOR, PROVIDENCE RI 02903
Daniel J Taylor director 3600 LAS VEGAS BLVD., S., LAS VEGAS NV 89109
James C. Stewart officer: Chief Executive Officer C/O MGM GROWTH PROPERTIES LLC, 6385 S. RAINBOW BLVD., SUITE 500, LAS VEGAS NV 89118
Thomas A Roberts director C/O MGM GROWTH PROPERTIES LLC 6385 S. RAINBOW BLVD., SUITE 500 LAS VEGAS NV 89118
Charles Irving director C/O MGM GROWTH PROPERTIES LLC 6385 S. RAINBOW BOULEVARD, SUITE 500 LAS VEGAS NV 89118
Kathryn Coleman director 6385 S RAINBOW BOULEVARD, STE. 500 LAS VEGAS NV 89118
Michael Rietbrock other: Former Director C/O MGM GROWTH PROPERTIES LLC 6385 S. RAINBOW BLVD., SUITE 500 LAS VEGAS NV 89118
James Murren other: former director 3600 LAS VEGAS BOULEVARD SOUTH, LAS VEGAS NV 89109
Robert W Smith director C/O MGM GROWTH PROPERTIES LLC 6385 S. RAINBOW BLVD., SUITE 500 LAS VEGAS NV 89118
Sanders Corey Ian director 3950 LAS VEGAS BLVD., S., LAS VEGAS NV 89119
Lau Knicks officer: ED Acct & Finance (Controller) 1980 FESTIVAL PLAZA DR., SUITE 750, LAS VEGAS NV 89135
William Hornbuckle director 3600 LAS VEGAS BOULEVARD SOUTH, LAS VEGAS NV 89109
John Mcmanus director 3600 LAS VEGAS BLVD, S., EXECUTIVE OFFICES, LAS VEGAS NV 89119
Resorts International Mgm 10 percent owner 3600 LAS VEGAS BLVD S., LAS VEGAS NV 89109