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Data last updated: Sep 06, 2026
Snapshot (as of Sep 06, 2026): Gaming and Leisure Properties, Inc. (GLPI) pays a $3.16 annual dividend ($0.82 quarterly), yielding 7.54% at $41.92/share. Next ex-dividend date 2026-09-11. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 7.54%
Annual Dividend: $3.16 per share
Payout Ratio: 93.1%
Ex-Dividend Date: 2026-09-11
Dividend Frequency: quarterly
Sector: Real Estate
Years of Dividend History: 13
Gaming and Leisure Properties, Inc. acquires and leases real estate to gaming operators under triple-net lease arrangements, making the Gaming and Leisure Properties, Inc. dividend a direct product of rent collected from casino tenants. The current yield stands at 7.54%, with a trailing annual dividend rate of $3.16 per share paid quarterly. The next ex-dividend date is September 11, 2026. A beta of 0.676 points to below-average price volatility, which suits income-focused investors who prioritize steady cash flow over capital appreciation.
Gaming and Leisure Properties, Inc. pays out 93.1% of earnings as dividends, a payout ratio classified as high (above 75%). The triple-net lease structure shifts maintenance, insurance, taxes, and utilities onto tenants, which removes a layer of cost variability from GLPI's financials and supports the current payout level. Gaming and Leisure Properties, Inc. dividend safety faces its clearest pressure from that same 93.1% ratio: there is minimal earnings cushion, so any meaningful drop in rental income would put the dividend at risk.
Gaming and Leisure Properties, Inc. dividend history shows a CAGR of -13.0% per year from 2014 to 2025. Per-share payments moved from $14.3420 in 2014 to $3.10 in 2025 (the 2014 figure reflects the company's first year of payouts and distorts the long-run trend; Gaming and Leisure Properties, Inc. dividend 2026 data is partial and excluded from the CAGR calculation). The largest annual increase in the window was 12.3% in 2023, though the history also contains at least one year-over-year decline exceeding 5%, and GLPI currently holds only one consecutive year of dividend increases.
| Period | CAGR | From | To |
|---|---|---|---|
| 3-Year | +3.4% | $2.81 (2022) | $3.10 (2025) |
| 5-Year | +15.0% | $1.54 (2020) | $3.10 (2025) |
| 10-Year | +3.6% | $2.18 (2015) | $3.10 (2025) |
GLPI stock fits income-focused investors who want above-average yield from a real estate business with a structurally simple revenue model: rent from gaming operators under triple-net leases. The yield is classified as high (above 4%), currently at 7.54%, which sits above the 5-year average of 7.15%. That premium comes with a real trade-off: a 93.1% payout ratio leaves little room for error, and the dividend growth record is uneven. What an investor gets is a high current income stream anchored to gaming real estate; what they accept is limited earnings headroom and a dividend that has not grown in a straight line.
| Payment Date | Amount per Share |
|---|---|
| 2026-09-11 | $0.8200 |
| 2026-06-12 | $0.8200 |
| 2026-03-13 | $0.7800 |
| 2025-12-05 | $0.7800 |
| 2025-09-12 | $0.7800 |
| 2025-06-13 | $0.7800 |
| 2025-03-14 | $0.7600 |
| 2024-12-06 | $0.7600 |
| 2024-09-13 | $0.7600 |
| 2024-06-07 | $0.7600 |
| Year | Total Dividends |
|---|---|
| 2026 | $2.4200 |
| 2025 | $3.1000 |
| 2024 | $3.0400 |
| 2023 | $3.1500 |
| 2022 | $2.8050 |
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