Global Net Lease: How Safe Is The 15% Dividend Yield?
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Global Net Lease has significantly reduced its dividend from $0.5325 per share in 2020 to $0.275 per share recently, raising concerns about its stability. The current annualized dividend yield is 15.1%, covered by the third quarter AFFO of fiscal 2024.
November 17, 2024 | 4:30 pm
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Global Net Lease has cut its dividend significantly, now offering a 15.1% yield. This raises concerns about the REIT's financial stability, although the dividend is covered by Q3 fiscal 2024 AFFO.
The significant dividend cut from $0.5325 to $0.275 per share indicates potential financial instability, which could negatively impact investor confidence and the stock price. However, the dividend is covered by the third quarter AFFO, providing some reassurance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100