Global Net Lease Inc (GNL) To Go Ex-Dividend on October 10th

Global Net Lease Inc (NYSE:GNL) declared a monthly dividend on Monday, October 1st, NASDAQ reports. Investors of record on Thursday, October 11th will be paid a dividend of 0.177 per share by the financial services provider on Monday, October 15th. This represents a $2.12 annualized dividend and a yield of 10.55%. The ex-dividend date of this dividend is Wednesday, October 10th. This is a positive change from Global Net Lease’s previous monthly dividend of $0.06.

Global Net Lease has a dividend payout ratio of 103.9% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Global Net Lease to earn $2.09 per share next year, which means the company may not be able to cover its $2.13 annual dividend with an expected future payout ratio of 101.9%.

Shares of Global Net Lease stock opened at $20.14 on Tuesday. The company has a market capitalization of $1.49 billion, a P/E ratio of 9.88 and a beta of 0.54. Global Net Lease has a fifty-two week low of $15.55 and a fifty-two week high of $22.53. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.34.

Global Net Lease (NYSE:GNL) last issued its quarterly earnings data on Wednesday, August 8th. The financial services provider reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.44). The business had revenue of $70.97 million during the quarter, compared to analysts’ expectations of $68.81 million. Global Net Lease had a return on equity of 1.69% and a net margin of 8.68%. Equities research analysts predict that Global Net Lease will post 2.05 EPS for the current year.

Several research analysts recently weighed in on the company. Zacks Investment Research upgraded Global Net Lease from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a research report on Wednesday, August 15th. B. Riley set a $24.00 price target on Global Net Lease and gave the stock a “hold” rating in a research note on Friday, August 10th. Finally, ValuEngine upgraded Global Net Lease from a “sell” rating to a “hold” rating in a research note on Wednesday, July 4th.

Global Net Lease Company Profile

Global Net Lease, Inc (NYSE: GNL) is a publicly traded real estate investment trust listed on the NYSE focused on acquiring a diversified global portfolio of commercial properties, with an emphasis on sale-leaseback transactions involving single tenant, mission critical income producing net-leased assets across the United States, Western and Northern Europe.

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Dividend History for Global Net Lease (NYSE:GNL)

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