Global Net Lease, Inc. (GNL) to Issue Quarterly Dividend of $0.19 on April 17th

Global Net Lease, Inc. (NYSE:GNL) announced a quarterly dividend on Wednesday, April 1st. Shareholders of record on Monday, April 13th will be given a dividend of 0.19 per share by the financial services provider on Friday, April 17th. This represents a c) dividend on an annualized basis and a yield of 7.9%. The ex-dividend date is Monday, April 13th.

Global Net Lease has decreased its dividend by an average of 0.1%per year over the last three years. Global Net Lease has a payout ratio of -140.7% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Global Net Lease to earn $1.20 per share next year, which means the company should continue to be able to cover its $0.76 annual dividend with an expected future payout ratio of 63.3%.

Global Net Lease Price Performance

NYSE GNL opened at $9.68 on Friday. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $2.06 billion, a PE ratio of -8.13 and a beta of 1.09. The company has a 50 day moving average price of $9.52 and a two-hundred day moving average price of $8.73. Global Net Lease has a 12-month low of $6.66 and a 12-month high of $10.04.

About Global Net Lease

Global Net Lease (NYSE: GNL) is a real estate investment trust (REIT) that focuses on acquiring and managing a diversified portfolio of single-tenant, net-lease commercial properties. The company’s business model centers on establishing long-term, triple-net leases with creditworthy tenants, enabling the pass-through of property operating expenses while aiming to provide predictable rental income and stable cash flows. Global Net Lease’s portfolio spans retail, industrial, office and light-industrial assets, each selected for its strategic location and tenant credit quality.

Since launching its initial public offering in April 2016, Global Net Lease has built a presence in key markets throughout the United States and Western Europe.