MGM REIT announces first-quarter dividend
MGM Growth Properties LLC (MGP) has announced a quarterly cash dividend of US$0.42 per share for the first quarter.
The firm said in a press release issued on Thursday that the dividend will be payable on April 13 “to unit holders and shareholders of record as of the close of business on March 30, 2018”.
MGP is a publicly-traded real estate investment trust (REIT) of which U.S.-based casino operator MGM Resorts International is the majority owner. The former owns several real estate assets in the U.S., including the iconic casino hotel properties Mandalay Bay, and the Mirage, in Las Vegas. MGM Resorts is the parent company of Macau casino operator MGM China Holdings Ltd.
In January, MGP had offered to purchase the REIT known as Vici Properties Inc that manages several properties operated by another U.S. casino firm, Caesars Entertainment Corp. But the board of Vici “unanimously” rejected the proposal.
Latest News
Sign up to our FREE Newsletter
(Click here for more)
Partners
Most Popular
Lim Kok Thay, GEN Singapore execs in US$1.3mln stock award March 2, 2021 
Las Vegas Sands to sell off Nevada assets for US$6.25bln March 3, 2021 
Pansy Ho again cuts stake in MGM Resorts, for US$57mln March 4, 2021 
LVS plans to keep U.S. base, stock listing: spokesman March 4, 2021 
Fitch says LVS Nevada sale a negative, Moody’s keener March 5, 2021