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

Rhea-AI Summary

Global Net Lease, Inc. (GNL) announced a quarterly dividend of $0.40 per share, payable on October 15, 2021, to shareholders of record as of October 12, 2021. This maintains the annualized dividend rate at $1.60 per share, reflecting the company's commitment to returning value to shareholders. GNL is a publicly traded real estate investment trust that focuses on acquiring a diversified portfolio of commercial properties through sale-leaseback transactions, primarily in the US and Europe.

Positive

• Quarterly dividend of $0.40 per share reflects commitment to shareholder returns.
• Maintained annualized dividend rate at $1.60 per share.

Negative

• Ongoing global COVID-19 pandemic poses risks and uncertainties for GNL's operations and tenants.

NEW YORK, Oct. 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 October 15, 2021 to common stock holders of record at the close of business on October 12, 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 the outcome to be materially different. In addition, words such as "anticipates," "believes," "expects," "estimates," "projects," "plans," "intends," "may," "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 set forth in the Risk Factors section of GNL's most recent Annual Report on Form 10-K for the year ended December 31, 2020 filed on February 26, 2021, GNL's Quarterly Report on Form 10-Q for the quarter ended March 31, 2021 filed on May 7, 2021, GNL's Quarterly Report on Form 10-Q for the quarter ended June  30, 2021 filed on August 5, 2021, and all other filings with the SEC after that date, as such risks, uncertainties and other important factors may be updated from time to time in GNL's subsequent reports. 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 over time, unless required by law.

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

 

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SOURCE Global Net Lease, Inc.

FAQ

What is the dividend amount declared by GNL for October 2021?

GNL declared a dividend of $0.40 per share for October 2021.

When is the GNL dividend payment date?

The dividend payment date for GNL is October 15, 2021.

What is the record date for the GNL dividend?

The record date for the GNL dividend is October 12, 2021.

How often does GNL pay dividends?

GNL pays dividends on a quarterly basis.

What is the significance of the $1.60 annual dividend rate for GNL?

The $1.60 annualized dividend rate indicates GNL's ongoing commitment to providing returns to its shareholders.