By Denny Jacob
Global Net Lease cut its dividend to 19 cents a share from 27.5 cents a share, a roughly 31% reduction, for the second quarter.
The new payout, equal to 76 cents a year, represents an annual yield of about 9.5% based on Monday's closing price of $8.04.
The New York-based real estate investment trust said the dividend is payable on April 16 to common shareholders of record at the close of business on April 11.
Write to Denny Jacob at denny.jacob@wsj.com
(END) Dow Jones Newswires
April 01, 2025 06:16 ET (10:16 GMT)
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