Global Net Lease Inc(GNL) Declares Dividend of $0.0592.

Global Net Lease Inc (GNL) had declared a cash dividend of $0.0592 on Dec 29, 2016. The shares will quote ex-dividend on Feb 6, 2017 and the record date has been fixed for Feb 8, 2017. Based on Feb 6, 2017 share price, the yield comes out to be 9.37%. The dividend payable date has been fixed on Feb 15, 2017.

Global Net Lease Inc (GNL) shares turned negative on Tuesdays trading session with the shares closing down -0.14 points or -1.76% at a volume of 5,76,766. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $7.96. The peak price level was also seen at $7.96 while the days lowest was $7.81. Finally the shares closed at $7.82. The 52-week high of the shares is $8.975 while the 52-week low is $6.92. According to the latest information available, the market cap of the company is $1,333 M.

Global Net Lease Inc(GNL) last announced its earnings results on Nov 9, 2016 for Fiscal Year 2016 and Q3.Company reported revenue of $50.76M. Analysts had an estimated revenue of $53.71M. Earnings per share were $0.20. The reported EPS was above estimates by $0.02 or NaN%. Analysts had estimated an EPS of $0.22.

Several Insider Transactions has been reported to the SEC. On Aug 12, 2015, Scott J. Bowman (CEO) purchased 10,000 shares at $7.97 per share price.Also, On Jul 16, 2015, William M Kahane (director) purchased 10,000 shares at $8.56 per share price.

Global Net Lease Inc. formerly American Realty Capital Global Trust Inc. is a real estate investment trust (REIT) that focuses on acquiring and managing a portfolio of single tenant net lease commercial properties across the United States Western and Northern Europe. The Company’s objective is to minimize the risks and/or costs associated with the operating and financial structure as well as to hedge specific anticipated transactions. The Company’s property portfolio includes McDonald’s Wickes Building Supplies I Wickes Building Supplies II National Oilwell Varco Nissan PPD Global Labs and Northern Rock. The Company owns approximately 311 properties that consists of around 16.5 million rentable square feet which were 100.0% leased with weighted average remaining lease term of around 11.4 years.

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