The GEO Group Announces Tax Treatment of 2020 Dividends

Rhea-AI Summary

The GEO Group, Inc. (NYSE: GEO) has announced the tax treatment of its 2020 dividend distributions, providing detailed breakdowns for income tax purposes. In total, shareholders received $1.78 per share, with $0.98 classified as ordinary dividends, and the remainder as non-dividend distributions. Notably, there were no qualified dividends for 2020. Shareholders are advised to consult tax advisors for personalized tax treatment. Key payment dates were February 21, April 24, July 24, and October 23, 2020.

Positive

• Total dividends paid per share: $1.78.
• Ordinary dividends accounted for $0.98, indicating consistent shareholder returns.

Negative

• No qualified dividends in 2020 may indicate limited tax advantages for shareholders.
• A significant portion of dividends (44.67%) classified as non-dividend distributions affects perceived income sustainability.

The GEO Group, Inc. (NYSE: GEO) ("GEO") announced today the tax treatment of its 2020 dividend distributions.

The following table summarizes, for income tax purposes, the nature of distributions paid to shareholders, presented on a per share basis, during the calendar year ended December 31, 2020. Shareholders are encouraged to consult with their own tax advisors as to their specific tax treatment of GEO distributions.

Common Stock
(CUSIP # 36162J106)

					Ordinary Dividends							Capital Gains
CUSIP	Record Date	Payment Date	Total Dividends		Total		Qualified (1)			Non-Qualified		Total			Unrecaptured Section 1250			Long Term			Nondividend Distributions (2)
36162J106	2/14/2020	2/21/2020	$0.4800000		$0.2655802		$	-		$0.2655802		$	-		$	-		$	-		$0.2144198
36162J106	4/17/2020	4/24/2020	$0.4800000		$0.2655802		$	-		$0.2655802		$	-		$	-		$	-		$0.2144198
36162J106	7/17/2020	7/24/2020	$0.4800000		$0.2655802		$	-		$0.2655802		$	-		$	-		$	-		$0.2144198
36162J106	10/16/2020	10/23/2020	$0.3400000		$0.1881193		$	-		$0.1881193		$	-		$	-		$	-		$0.1518807
		Totals	$1.7800000		$0.9848599		$	0.0000000		$0.9848599		$	-		$	-		$	-		$0.7951401
		Percentage	100	%	55.32921	%		0.00000	%	100.00000	%		0.00000	%		0.00000	%		0.00000	%	44.67079	%
(1) For 2020, there are no Qualified Dividends. Qualified Dividends represent the portion of Total Ordinary Dividends which constitutes a "Qualified Dividend", as defined by the Internal Revenue Service.
(2) The amount constitutes a "Return of Capital", as defined by the Internal Revenue Service.

About The GEO Group

The GEO Group (NYSE: GEO) is a fully integrated equity real estate investment trust specializing in the design, financing, development, and operation of secure facilities, processing centers, and community reentry centers in the United States, Australia, South Africa, and the United Kingdom. GEO is a leading provider of enhanced in-custody rehabilitation, post-release support, electronic monitoring, and community-based programs. GEO’s worldwide operations include the ownership and/or management of 123 facilities totaling approximately 93,000 beds, including projects under development, with a workforce of approximately 23,000 professionals.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210122005030/en/

FAQ

What was the total dividend paid by GEO in 2020?

The total dividend paid by GEO in 2020 was $1.78 per share.

How much of GEO's dividends were classified as ordinary?

Out of the total, $0.98 per share were classified as ordinary dividends.

When were GEO's dividends paid in 2020?

Dividends were paid on February 21, April 24, July 24, and October 23, 2020.

Were there any qualified dividends for GEO in 2020?

No, GEO reported no qualified dividends for the year 2020.

What does it mean that part of GEO's dividends were non-dividend distributions?

Non-dividend distributions, amounting to $0.79514 per share, are considered a return of capital.