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Gaming and Leisure Properties (Gaming and Leisure Properties) 3-Year Dividend Growth Rate

: 5.10% (As of Dec. 2023)
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Gaming and Leisure Properties's Dividends per Share for the three months ended in Dec. 2023 was $0.73.

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

GLPI' s 3-Year Dividend Growth Rate Range Over the Past 10 Years
Min: 0.8   Med: 5.35   Max: 6.3
Current: 5.1

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Gaming and Leisure Properties was 6.30% per year. The lowest was 0.80% per year. And the median was 5.35% per year.

GLPI's 3-Year Dividend Growth Rate is ranked better than
65.68% of 507 companies
in the REITs industry
Industry Median: 2.1 vs GLPI: 5.10

During the past 12 months, Gaming and Leisure Properties's average Dividends Per Share Growth Rate was 3.40% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 5.10% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 2.10% 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.

Gaming and Leisure Properties's Dividend Payout Ratio for the three months ended in Dec. 2023 was 0.94. As of today, Gaming and Leisure Properties's Dividend Yield % is 6.75%.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Gaming and Leisure Properties Inc is 1.05, which seems too high.

Good Sign:

Gaming and Leisure Properties Inc stock dividend yield is close to 3-year high.

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


Competitive Comparison

For the REIT - Specialty subindustry, Gaming and Leisure Properties'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.


Gaming and Leisure Properties 3-Year Dividend Growth Rate Distribution

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

* The bar in red indicates where Gaming and Leisure Properties's 3-Year Dividend Growth Rate falls into.



Gaming and Leisure Properties 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.


Gaming and Leisure Properties  (NAS:GLPI) 3-Year Dividend Growth Rate Explanation

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

Gaming and Leisure Properties's Dividend Payout Ratio for the quarter that ended in Dec. 2023 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Dec. 2023 )/ EPS without NRI (Q: Dec. 2023 )
=0.73/ 0.78
=0.94

During the past 13 years, the highest Dividend Payout Ratio of Gaming and Leisure Properties was 2.02. The lowest was 1.05. And the median was 1.39.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Gaming and Leisure Properties Inc is 1.05, which seems too high.

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

Gaming and Leisure Properties Recent Full-Year* Dividend History

Amount Ex-date Record Date Pay Date Type Frequency Forex Rate
USD 0.7602024-03-142024-03-152024-03-29Cash DividendquarterlyUSD:USD 1.000000
USD 0.7302023-12-072023-12-082023-12-22Cash DividendquarterlyUSD:USD 1.000000
USD 0.7302023-09-142023-09-152023-09-29Cash DividendquarterlyUSD:USD 1.000000
USD 0.7202023-06-152023-06-162023-06-30Cash DividendquarterlyUSD:USD 1.000000

* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.

Gaming and Leisure Properties's Dividend Yield (%) for Today is calculated as

Dividend Yield %=Most Recent Full Year Dividend/Current Share Price
=2.94/43.51
=6.76 %

Current Share Price is $43.51.
Gaming and Leisure Properties's Dividends per Share for the trailing twelve months (TTM) ended in Today is $2.94.

During the past 13 years, the highest Dividend Yield of Gaming and Leisure Properties was 14.32%. The lowest was 1.39%. And the median was 6.38%.

Good Sign:

Gaming and Leisure Properties Inc stock dividend yield is close to 3-year high.

* 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.


Gaming and Leisure Properties 3-Year Dividend Growth Rate Related Terms>


Gaming and Leisure Properties (Gaming and Leisure Properties) Business Description

Traded in Other Exchanges
Address
845 Berkshire Boulevard, Suite 200, Wyomissing, PA, USA, 19610
Gaming and Leisure Properties Inc, or GLP, is a real estate investment property trust primarily involved in the leasing of gaming and related facilities to wholly-owned subsidiaries of Penn National Gaming, or Penn, throughout the U.S. GLP segments its operations into GLP Capital and TRS Properties divisions. The company derives the vast majority of its revenue from its GLP Capital unit in the form of rental income from dockside and land-based casinos located mostly in the American Midwest. Almost all of GLP Capital's leases are long-term agreements that give Penn the option for future extensions. Gaming revenue generated by TRS Properties, which encompasses the operations of Hollywood Casino Perryville and Hollywood Casino Baton Rouge, also represents a significant income stream for GLP.
Executives
Steven Ladany officer: SVP Chief Development Officer 845 BERKSHIRE BLVD., SUITE 200, WYOMISSING PA 19610
Brandon John Moore officer: SVP & General Counsel 845 BERKSHIRE BLVD., SUITE 200, WYOMISSING PA 19610
Matthew Demchyk officer: SVP, Investments 845 BERKSHIRE BOULEVARD, WYOMISSING PA 19610
Desiree A. Burke officer: Chief Accounting Officer 845 BERKSHIRE BOULEVARD, SUITE 200, WYOMISSING PA 19610
Barry F Schwartz director 35 EAST 62ND ST, NEW YORK NY 10021
E Scott Urdang director 845 BERKSHIRE BOULEVARD, SUITE 200, WYOMISSING PA 19610
Joanne A. Epps director, Director C/O PENN, REAL ESTATE INVESTMENT TRUST, THE BELLEVUE, 200 S. BROAD STREET, PHILADELPHIA PA 19102
Earl C Shanks director CONVERGYS CORPORATION, 201 EAST FOURTH STREET, CINCINNATI OH 45202
Peter M Carlino director, officer: CEO & President 845 BERKSHIRE BLVD, SUITE 200, WYOMISSING PA 19610
Carol Lynton director C/O EL POLLO HOLDINGS, INC., 3535 HARBOR BOULEVARD, SUITE 100, COSTA MESA CA 92626
Marshall Joseph W Iii director 500 OFFICE CENTER DRIVE, SUITE 400, FT. WASHINGTON PA 19034
David A Handler director 845 BERKSHIRE BLVD, SUITE 200, WYOMISSING PA 19610
William J Clifford officer: CFO, Sec. & Treas. 845 BERKSHIRE BLVD. SUITE 200, WYOMISSING PA 19610
James Perry director
Steven T. Snyder officer: SR VP-Corp Development 845 BERKSHIRE BOULEVARD, SUITE 200, WYOMISSING PA 19610