Global Net Lease, Inc. Announces Common Stock Dividend for First Quarter 2021

Rhea-AI Summary

Global Net Lease announced a quarterly dividend of $0.40 per share, totaling an annualized rate of $1.60, payable on January 15, 2021. This dividend is for stockholders of record as of January 11, 2021. The REIT focuses on acquiring a diversified global portfolio of commercial properties, particularly through sale-leaseback transactions across the United States and Northern Europe. The company continues to express confidence in maintaining its dividend payments amid ongoing economic uncertainties.

Positive

• Quarterly dividend declared at $0.40 per share, reflecting confidence in cash flow.
• Annualized dividend rate set at $1.60 per share.

Negative

• Ongoing risks associated with the Covid-19 pandemic may adversely affect operations and tenant payments.
• Uncertainty in rent collections could impact future dividend sustainability.

NEW YORK, Jan. 1, 2021 /PRNewswire/ -- Global Net Lease, Inc. ("GNL") (NYSE: GNL/ GNL PRA / GNL PRB) announced today that it intends to continue to pay dividends on its shares of common stock at an annualized rate of $1.60 per share or $0.40 per share on a quarterly basis. GNL anticipates paying dividends authorized by its board of directors on its shares of common stock on a quarterly basis in arrears on the 15^th day of the first month following the end of each fiscal quarter (unless otherwise specified) to common stock holders of record on the record date for such payment.

Accordingly, GNL declared a dividend of $0.40 per share of common stock payable on January 15, 2021 to common stock holders of record at the close of business on January 11, 2021.

About Global Net Lease, Inc.

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. Additional information about GNL can be found on its website at www.globalnetlease.com.

Important Notice

The statements in this press release that are not historical facts may be forward-looking statements. These forward-looking statements involve risks and uncertainties that could cause actual results or events to be materially different. The words "anticipates," "believes," "expects," "estimates," "projects," "plans," "intends," "may," "will," "would" and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. These forward-looking statements are subject to risks, uncertainties and other factors, many of which are outside of GNL's control, which could cause actual results to differ materially from the results contemplated by the forward-looking statements. These risks and uncertainties include the potential adverse effects of the ongoing global Covid-19 pandemic, including actions taken to contain or treat Covid-19, on GNL, GNL's tenants and the global economy and financial markets and that the information about rent collections may not be indicative of any future period, as well as those risks and uncertainties set forth in the Risk Factors section of GNL's Annual Report on Form 10-K for the year ended December 31, 2019 filed on February 28, 2020, GNL's most recent Quarterly Reports on Form 10-Q for the quarters ended March 31, 2020, June 30, 2020, and September 30, 2020, filed on May 7, 2020, August 6, 2020 and November 6, 2020, respectively, and all other filings filed with the Securities and Exchange Commission after that date. Further, forward looking statements speak only as of the date they are made, and GNL undertakes no obligation to update or revise any forward-looking statement to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results, unless required to do so by law.

Contacts:
Investors and Media:
Email: investorrelations@globalnetlease.com 
Phone: (212) 415-6510

View original content to download multimedia:http://www.prnewswire.com/news-releases/global-net-lease-inc-announces-common-stock-dividend-for-first-quarter-2021-301196226.html

SOURCE Global Net Lease, Inc.

FAQ

What is the dividend amount announced by GNL for January 2021?

GNL announced a dividend of $0.40 per share for January 2021.

When is the dividend payment date for GNL's common stock?

The dividend payment date is January 15, 2021.

Who will receive the GNL dividend?

Stockholders of record as of January 11, 2021, will receive the GNL dividend.

What is the annualized dividend rate for GNL?

The annualized dividend rate for GNL is $1.60 per share.

How does the Covid-19 pandemic affect GNL's dividend payments?

The ongoing Covid-19 pandemic poses risks that could affect GNL's operations and tenant rent payments, potentially impacting dividend sustainability.