Earnings

Eye Catching Stock News: Global Net Lease (NYSE:GNL)

Global Net Lease (NYSE:GNL) stock identified change of 75.60% away from 52-week low price and recently located move of -29.06% off 52-week high price. It has market worth of $1.40BM and dividend yield of 10.39%. GNL stock has been recorded -9.74% away from 50 day moving average and -8.78% away from 200 day moving average. Moving closer, we can see that shares have been trading -9.66% off 20-day moving average.

On Sept. 25, 2020, Global Net Lease (NYSE:GNL) revealed that it intends to continue to pay dividends on a quarterly basis on its 7.25% Series A Cumulative Redeemable Preferred Stock (the Series A Preferred Stock) at an annualized rate of $1.8125 per share or $0.453125 per share on a quarterly basis.  Dividends on the Series A Preferred Stock are payable in arrears to Series A Preferred Stock holders of record at the close of business on the applicable record date and payable on the 15th day of the first month of each fiscal quarter (or, if not a business day, the next succeeding business day).

Accordingly, GNL declared a dividend of $0.453125 per share of Series A Preferred Stock payable on October 15, 2020 to Series A Preferred Stock holders of record at the close of business on October 5, 2020.

In addition, GNL disclosed that it intends to continue to pay dividends on a quarterly basis on its 6.875% Series B Cumulative Redeemable Perpetual Preferred Stock (the Series B Preferred Stock) at an annualized rate of $1.71875 per share or $0.4296875 per share on a quarterly basis.  Dividends on the Series B Preferred Stock are payable in arrears to Series B Preferred Stock holders of record at the close of business on the applicable record date and payable on the 15th day of the first month of each fiscal quarter (or, if not a business day, the next succeeding business day).

The Real Estate sector company, Global Net Lease noticed change of 1.18% to $15.4 along volume of 427644 shares in recent session compared to an average volume of 392.45K. The stock observed return of -7.84% in 5 days trading activity. The stock was at -12.60% over one month performance. GNL’s shares are at -3.63% for the quarter and driving a -21.51% return over the course of the past year and is now at -24.06% since this point in 2018.

The average volatility for the week at 4.29% and for month was at 2.93%. There are 89.47M shares outstanding and 89.31M shares are floated in market. Right now the stock beta is 1.06.

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