Global Net Lease, Inc. (GNL) to Issue $0.18 Monthly Dividend

Global Net Lease, Inc. (NYSE:GNL) announced a monthly dividend on Friday, June 23rd, Wall Street Journal reports. Shareholders of record on Friday, September 8th will be given a dividend of 0.1775 per share by the financial services provider on Friday, September 15th. This represents a $2.13 dividend on an annualized basis and a yield of 9.87%. The ex-dividend date is Thursday, September 7th.

Global Net Lease has a dividend payout ratio of 96.4% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline.

Global Net Lease (NYSE:GNL) traded up 0.33% during midday trading on Friday, reaching $21.57. The company’s stock had a trading volume of 1,016,967 shares. The company has a market capitalization of $1.45 billion, a P/E ratio of 36.25 and a beta of 0.69. Global Net Lease has a 1-year low of $20.76 and a 1-year high of $25.25. The company has a 50 day moving average of $21.45 and a 200-day moving average of $22.89.

GNL has been the subject of several analyst reports. FBR & Co reaffirmed a “hold” rating on shares of Global Net Lease in a research report on Tuesday, May 23rd. BidaskClub raised Global Net Lease from a “sell” rating to a “hold” rating in a research report on Tuesday, June 13th. Finally, Zacks Investment Research raised Global Net Lease from a “strong sell” rating to a “hold” rating in a research report on Monday, July 10th.

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About Global Net Lease

Global Net Lease, Inc is a real estate investment trust. The Company’s business consists of owning, managing, operating, leasing, acquiring, investing in and disposing of real estate assets. It owns and invests in commercial properties principally in the United States, the United Kingdom and continental Europe that are then leased to companies.

Dividend History for Global Net Lease (NYSE:GNL)

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