MGM Growth Properties LLC's latest quarterly dividend of $0.53 per share was on Mar 30, 2022 (ex-date). The annualized dividend distribution of $2.09 per share represents a current dividend yield of 5.02%. The latest MGP payment of $0.53 marks a dividend growth of 1%.
MGP has a dividend yield of 5.02% which is below the Real Estate sector and the industry average. If we compare it with its Real Estate sector average of 6.35%, MGM Growth Properties LLC's dividend yield is 21% lower. The historical 5-year average of MGP's dividend yield is 6.0%, which is more than the current yield.
MGM Growth Properties LLC has a history of paying dividends since 2016. Our records of MGP show that the company has distributed two quarterly dividends in the past year. The annualized dividend per share has an increase of 3.6% since twelve months ago. But with the price of the stock up by 7% from a year ago, the dividend yield has a decrease of 2.8%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| Mar 30, 2022 | Apr 14, 2022 | Mar 15, 2022 | $0.53 | normal |
| Dec 30, 2021 | Jan 14, 2022 | Dec 15, 2021 | $0.525 | normal |
| Sep 29, 2021 | Oct 15, 2021 | Sep 15, 2021 | $0.52 | normal |
| Jun 29, 2021 | Jul 15, 2021 | Jun 15, 2021 | $0.515 | normal |
| Mar 30, 2021 | Apr 15, 2021 | $0.495 | normal | |
| Dec 30, 2020 | Jan 15, 2021 | Dec 15, 2020 | $0.488 | normal |
| Sep 29, 2020 | Oct 15, 2020 | Sep 15, 2020 | $0.488 | normal |
| Jun 29, 2020 | Jul 15, 2020 | Jun 15, 2020 | $0.488 | normal |
| Mar 30, 2020 | Apr 15, 2020 | Mar 13, 2020 | $0.475 | normal |
| Dec 30, 2019 | Jan 15, 2020 | Dec 13, 2019 | $0.47 | normal |
| Sep 27, 2019 | Oct 15, 2019 | Sep 13, 2019 | $0.47 | normal |
| Jun 27, 2019 | Jul 15, 2019 | Jun 14, 2019 | $0.468 | normal |
| Mar 28, 2019 | Apr 15, 2019 | Mar 15, 2019 | $0.465 | normal |
| Dec 28, 2018 | Jan 15, 2019 | Dec 14, 2018 | $0.448 | normal |
| Sep 27, 2018 | Oct 15, 2018 | Sep 17, 2018 | $0.438 | normal |
| Jun 28, 2018 | Jul 16, 2018 | Jun 15, 2018 | $0.43 | normal |
| Mar 28, 2018 | Apr 13, 2018 | Mar 15, 2018 | $0.42 | normal |
| Dec 28, 2017 | Jan 16, 2018 | Dec 15, 2017 | $0.42 | normal |
| Sep 28, 2017 | Oct 13, 2017 | Sep 15, 2017 | $0.395 | normal |
| Jun 28, 2017 | Jul 14, 2017 | Jun 15, 2017 | $0.395 | normal |
| Mar 29, 2017 | Apr 13, 2017 | Mar 15, 2017 | $0.388 | normal |
| Dec 28, 2016 | Jan 16, 2017 | Dec 15, 2016 | $0.388 | normal |
| Sep 28, 2016 | Oct 14, 2016 | Sep 15, 2016 | $0.388 | normal |
| Jun 28, 2016 | Jul 15, 2016 | Jun 16, 2016 | $0.263 | normal |
MGP has a payout ratio of 152.6% which is higher than the Real Estate sector and the industry average. In comparison with the Real Estate sector average of 116.2%, MGM Growth Properties LLC's payout ratio is 31% higher.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| PDM Piedmont Office Realty Trust Inc | 7.95% | $0.84 | 221.1% |
| MGP MGM Growth Properties LLC | 5.02% | $2.09 | 152.6% |
| PEB Pebblebrook Hotel Trust | 0.28% | $0.04 | N/A |
MGM Growth Properties LLC has issued two dividends in the last twelve months.
MGM Growth Properties LLC's last dividend ex-date was on Mar 30, 2022. The dividend amount was $0.53 per share.
MGP has paid dividend of $2.09 per share in the last year.
MGM Growth Properties LLC's current dividend yield is 5.02%.
MGM Growth Properties LLC has a quarterly dividend frequency.
MGM Growth Properties LLC's dividend payout ratio is 152.6%.
MGM Growth Properties LLC's dividend yield is less than the Real Estate sector average.