The GEO Group Inc (NYSE:GEO) declared a quarterly dividend on Monday, October 15th, RTT News reports. Shareholders of record on Friday, October 26th will be paid a dividend of 0.47 per share by the real estate investment trust on Friday, November 2nd. This represents a $1.88 annualized dividend and a yield of 8.20%. The ex-dividend date is Thursday, October 25th.

The GEO Group has raised its dividend by an average of 6.5% per year over the last three years and has increased its dividend every year for the last 5 years. The GEO Group has a dividend 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 decline. Research analysts expect The GEO Group to earn $2.11 per share next year, which means the company should continue to be able to cover its $1.88 annual dividend with an expected future payout ratio of 89.1%.

Shares of NYSE GEO opened at $22.93 on Tuesday. The company has a debt-to-equity ratio of 2.42, a current ratio of 1.46 and a quick ratio of 1.46. The GEO Group has a 12 month low of $19.05 and a 12 month high of $28.06. The firm has a market capitalization of $3.06 billion, a price-to-earnings ratio of 8.99, a P/E/G ratio of 2.15 and a beta of 1.19.

The GEO Group (NYSE:GEO) last issued its quarterly earnings data on Thursday, August 2nd. The real estate investment trust reported $0.33 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.48 by ($0.15). The GEO Group had a return on equity of 13.90% and a net margin of 6.45%. The company had revenue of $583.51 million during the quarter, compared to the consensus estimate of $573.70 million. During the same quarter last year, the company posted $0.61 earnings per share. The firm’s revenue for the quarter was up 1.1% compared to the same quarter last year. Equities research analysts expect that The GEO Group will post 1.95 EPS for the current year.

In related news, SVP David J. Venturella sold 4,500 shares of the stock in a transaction dated Thursday, August 30th. The shares were sold at an average price of $25.55, for a total value of $114,975.00. Following the completion of the transaction, the senior vice president now directly owns 19,221 shares in the company, valued at approximately $491,096.55. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Anne N. Foreman sold 10,000 shares of the stock in a transaction dated Monday, August 6th. The stock was sold at an average price of $25.08, for a total transaction of $250,800.00. Following the completion of the transaction, the director now owns 26,099 shares of the company’s stock, valued at $654,562.92. The disclosure for this sale can be found here. Over the last quarter, insiders sold 17,675 shares of company stock valued at $445,753. 2.20% of the stock is owned by company insiders.

Several research analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of The GEO Group from a “hold” rating to a “buy” rating and set a $29.00 price target for the company in a research note on Monday, July 23rd. ValuEngine upgraded shares of The GEO Group from a “sell” rating to a “hold” rating in a research note on Friday, June 29th.

The GEO Group Company Profile

The GEO Group, Inc (NYSE: GEO) is the first fully integrated equity real estate investment trust ("REIT") specializing in the design, financing, development, and operation of correctional, detention, and community reentry facilities around the globe. GEO is the world's leading provider of diversified correctional, detention, community reentry, and electronic monitoring services to government agencies worldwide with operations in the United States, Australia, South Africa, and the United Kingdom.

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Dividend History for The GEO Group (NYSE:GEO)

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