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Data last updated: Oct 19, 2026
Snapshot (as of Oct 19, 2026): Gaming and Leisure Properties, Inc. (GLPI) pays a $3.16 annual dividend ($0.82 quarterly), yielding 8.35% at $39.28/share. Next ex-dividend date 2026-09-11. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 8.35%
Annual Dividend: $3.16 per share
Payout Ratio: 92.4%
Ex-Dividend Date: 2026-09-11
Dividend Frequency: quarterly
Sector: Real Estate
Years of Dividend History: 13
Gaming and Leisure Properties, Inc. dividend is built on a straightforward model: the company acquires and leases real estate to gaming operators under triple-net lease arrangements, meaning tenants cover taxes, insurance, and maintenance. GLPI currently yields 8.08%, placing it firmly in high-yield territory. Shareholders receive $3.20 per share annually, paid quarterly, with the next ex-dividend date set for September 11, 2026. That yield level, combined with a beta of 0.676, makes GLPI stock a profile fit for income-focused investors who prioritize cash flow over price 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 provides a degree of revenue predictability, since tenants bear operating costs directly, which supports the current payout level. Gaming and Leisure Properties, Inc. dividend safety faces real pressure at this ratio, however, leaving little room to absorb earnings shortfalls before the dividend itself would be at risk. The history table also shows at least one year-over-year decline exceeding 5%, confirming the payout is not immune to adjustment.
Gaming and Leisure Properties, Inc. dividend history shows a CAGR of -13.0% per year from 2014 to 2025. Per-share payments moved from $14.32 in 2014 to $3.10 in 2025 (with 2026 partial year data not included in this calculation). The largest annual increase in the window was 12.3% in 2023, showing the dividend can move meaningfully higher in a single year. Growth is uneven, and the long-run CAGR reflects the structural reset the per-share figure has undergone since the company's early years.
| Period | CAGR | From | To |
|---|---|---|---|
| 3-Year | +3.4% | $2.81 (2022) | $3.10 (2025) |
| 5-Year | +15.5% | $1.51 (2020) | $3.10 (2025) |
| 10-Year | +3.6% | $2.18 (2015) | $3.10 (2025) |
GLPI stock fits income-focused investors who want a high current yield from a real estate business with a defined, recurring revenue model. At 8.08%, the yield is classified as high (above 4%), and it sits above the 5-year average of 7.58%, which means buyers today are getting more income per dollar than the historical norm. The trade-off is a 93.1% payout ratio that leaves almost no earnings buffer, and a dividend history that includes declines. What an investor gets is a substantial income stream from gaming real estate leases; what they accept is limited dividend growth and a payout structure with little margin for error.
| 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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