Global Net Lease, Inc. (NYSE:GNL) declared a monthly dividend on Friday, June 23rd, Wall Street Journal reports. Investors of record on Friday, September 8th will be given a dividend of 0.1775 per share by the financial services provider on Friday, September 15th. This represents a $2.13 annualized dividend and a yield of 9.91%. The ex-dividend date is Thursday, September 7th.

Global Net Lease has a payout ratio of 96.4% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities analysts expect Global Net Lease to earn $2.25 per share next year, which means the company should continue to be able to cover its $2.13 annual dividend with an expected future payout ratio of 94.7%.

Global Net Lease (NYSE GNL) opened at 21.49 on Friday. Global Net Lease has a 1-year low of $20.71 and a 1-year high of $25.38. The company has a 50-day moving average of $21.66 and a 200 day moving average of $22.79. The stock has a market cap of $1.45 billion, a P/E ratio of 36.12 and a beta of 0.69.

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Several analysts recently issued reports on GNL shares. Zacks Investment Research upgraded shares of Global Net Lease from a “strong sell” rating to a “hold” rating in a report on Monday, July 10th. BidaskClub upgraded shares of Global Net Lease from a “sell” rating to a “hold” rating in a report on Thursday, July 6th. Finally, FBR & Co restated a “hold” rating on shares of Global Net Lease in a report on Tuesday, May 23rd.

About Global Net Lease

Global Net Lease, Inc is a real estate investment trust. The Company’s business consists of owning, managing, operating, leasing, acquiring, investing in and disposing of real estate assets. It owns and invests in commercial properties principally in the United States, the United Kingdom and continental Europe that are then leased to companies.

Dividend History for Global Net Lease (NYSE:GNL)

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