Global Net Lease Inc (GNL) Announces $0.18 Monthly Dividend

Global Net Lease Inc (NYSE:GNL) announced a monthly dividend on Wednesday, January 2nd, Wall Street Journal reports. Shareholders of record on Monday, January 14th will be given a dividend of 0.1775 per share by the financial services provider on Wednesday, January 16th. This represents a $2.13 dividend on an annualized basis and a yield of 10.79%. The ex-dividend date of this dividend is Friday, January 11th.

Global Net Lease has raised its dividend by an average of 24.4% annually over the last three years. Global Net Lease has a dividend payout ratio of 103.9% 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 $2.18 per share next year, which means the company should continue to be able to cover its $2.13 annual dividend with an expected future payout ratio of 97.7%.

GNL opened at $19.74 on Thursday. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.12 and a quick ratio of 0.12. Global Net Lease has a 52 week low of $15.55 and a 52 week high of $22.53. The firm has a market cap of $1.33 billion, a price-to-earnings ratio of 9.82 and a beta of 0.65.

Global Net Lease (NYSE:GNL) last released its earnings results on Wednesday, November 7th. The financial services provider reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.03. Global Net Lease had a net margin of 8.51% and a return on equity of 1.70%. The firm had revenue of $71.92 million during the quarter, compared to analyst estimates of $71.22 million. Equities analysts expect that Global Net Lease will post 2.14 EPS for the current year.

A number of analysts have commented on the stock. ValuEngine raised shares of Global Net Lease from a “sell” rating to a “hold” rating in a report on Wednesday, October 24th. LADENBURG THALM/SH SH assumed coverage on shares of Global Net Lease in a report on Monday, October 29th. They set a “neutral” rating for the company. B. Riley lifted their target price on shares of Global Net Lease from $24.00 to $25.00 and gave the stock a “neutral” rating in a report on Monday, November 12th. JMP Securities assumed coverage on shares of Global Net Lease in a report on Tuesday, December 11th. They set a “market perform” rating for the company. Finally, Zacks Investment Research raised shares of Global Net Lease from a “hold” rating to a “strong-buy” rating and set a $24.00 target price for the company in a report on Thursday, November 15th. Four research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $24.50.

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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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