SmarterDividends
GLPI

Gaming and Leisure Properties (GLPI) Dividend

Gaming and Leisure Properties, Inc. · Real Estate · REIT - Specialty · quarterly payer

$39.23

Undervalued · +61% Add to Portfolio

As of Nov 5, 2026, Gaming and Leisure Properties (GLPI) pays a quarterly dividend of $0.82 per share, or $3.28 a year, a 8.24% yield at its $39.23 share price. It pays every quarter, usually in March, June, September and December. It has a dividend safety grade of C.

Forward Yield

8.24%

Annual Dividend

$3.28

Payout Ratio

98%

5-Yr Growth

15.0%

Ex-Date

Sep 11, 2026

Frequency

Quarterly

Key facts about GLPI's dividend

Data as of · Source: SmarterDividends data

  • As of Nov 5, 2026, Gaming and Leisure Properties, Inc. (GLPI) has a forward dividend yield of 8.24%, based on an annual dividend of $3.28 per share and a share price of $39.23.
  • As of Nov 5, 2026, GLPI's dividend safety grade from SmarterDividends is C (54 out of 100), which rates the dividend as borderline.
  • GLPI last cut its regular dividend in 2020.
  • GLPI's most recent ex-dividend date was Sep 11, 2026, for a dividend of $0.82 per share.
  • As of Nov 5, 2026, GLPI pays out 98% of its trailing 12-month earnings as dividends (its payout ratio).
  • GLPI's dividend has grown at an average rate of 15.0% a year over the past five years.
  • As of Nov 5, 2026, GLPI's 8.24% yield is 31% above its five-year average yield of 6.31%.
  • As of Nov 5, 2026, SmarterDividends' blended fair-value estimate for GLPI is $63.06 per share, 61% above the $39.23 share price, so GLPI screens as undervalued.
  • Gaming and Leisure Properties, Inc. (GLPI) pays its dividend quarterly, 4 times a year.
  • Gaming and Leisure Properties, Inc. (GLPI) has raised its regular dividend 16 times and cut it 1 time across the 53 payments on record since 2014. Its most recent change was a 5.1% increase to $0.820 per share, going ex-dividend on Jun 12, 2026. The last cut went ex-dividend on May 12, 2020.
Cite this page

SmarterDividends, "GLPI Dividend: Yield, Safety Grade & Next Ex-Date," updated Nov 5, 2026, https://smarterdividends.com/stocks/GLPI

Is GLPI a good dividend stock?

Mixed

Gaming and Leisure Properties, Inc. (GLPI) pays a quarterly dividend yielding 8.24% ($3.28/yr), with 1 year of growth and a dividend-safety grade of C. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.

Advantages

  • Strong 15.0% 5-yr dividend growth

Risks

  • Cut its dividend in 2020
  • Elevated payout ratio (98%)
  • Very high yield can signal elevated risk
  • Share price is down over the past 5 years

Key Data

Dividend Yield
8.24%
Payout Ratio
98%
Annual Dividend
$3.28
5-Yr Avg Growth
15.0%
Ex-Dividend Date
Sep 11, 2026
Years of Growth
1
Frequency
quarterly
Beta
0.66
Market Cap
$11.7B
P/E Ratio
12.0
5-Yr Total Return
-14%
52-Week Range
$37.33 – $49.95
Dividend Safety
C · 54/100
Ever Cut?
Yes (2020)

GLPI dividend raises and cuts

Gaming and Leisure Properties, Inc. (GLPI) has raised its regular dividend 16 times and cut it 1 time across the 53 payments on record since 2014. Its most recent change was a 5.1% increase to $0.820 per share, going ex-dividend on Jun 12, 2026. The last cut went ex-dividend on May 12, 2020.

Ex-dateChangeOld → newMove
Jun 12, 2026Raise$0.780 → $0.820+5.1%
Jun 13, 2025Raise$0.760 → $0.780+2.6%
Mar 14, 2024Raise$0.730 → $0.760+4.1%
Sep 14, 2023Raise$0.720 → $0.730+1.4%
Jun 15, 2023Raise$0.705 → $0.720+2.1%
Jun 9, 2022Raise$0.690 → $0.705+2.2%
Mar 10, 2022Raise$0.670 → $0.690+3.0%
Jun 10, 2021Raise$0.650 → $0.670+3.1%
Mar 8, 2021Raise$0.120 → $0.650+441.7%
May 12, 2020Cut$0.700 → $0.120−82.9%
Dec 12, 2019Raise$0.680 → $0.700+2.9%
Dec 13, 2018Raise$0.630 → $0.680+7.9%
Show all 17 changes since 2015
Ex-dateChangeOld → newMove
Sep 7, 2017Raise$0.620 → $0.630+1.6%
Mar 9, 2017Raise$0.600 → $0.620+3.3%
Sep 8, 2016Raise$0.560 → $0.600+7.1%
Feb 18, 2016Raise$0.545 → $0.560+2.8%
Mar 6, 2015Raise$0.520 → $0.545+4.8%
Every GLPI payment →Download every raise and cut (CSV)
GLPI ex-dividend date & scheduleNext ex-date Sep 11, 2026 · full ex-dividend historyView →GLPI dividend historyEvery payment, totals by year, raises and cutsView →GLPI dividend calculator100 shares pay $328.00 a year, $82.00 each quarterCalculate →GLPI total return calculatorWhat $10,000 became, with dividends reinvested or taken as cashSee →

Frequently Asked Questions

Is GLPI a good dividend stock?

Mixed. Gaming and Leisure Properties, Inc. (GLPI) pays a quarterly dividend yielding 8.24% ($3.28/yr), with 1 year of growth and a dividend-safety grade of C. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.

Is GLPI undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, GLPI's fair value is about $63.06 versus a $39.23 share price — so it looks undervalued (+61% vs. fair value).

Is GLPI's dividend safe?

GLPI has a dividend-safety grade of C (54/100), based on its payout coverage, free-cash-flow, 1-year growth streak, a dividend cut in 2020, debt and yield-versus-history.

What is GLPI's fair value?

Our blended fair-value estimate for GLPI is about $63.06 per share, roughly 61% above the current $39.23 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is GLPI a buy, hold, or sell?

We don't issue formal ratings, but on the data GLPI screens as "mixed" and undervalued. Gaming and Leisure Properties, Inc. (GLPI) pays a quarterly dividend yielding 8.24% ($3.28/yr), with 1 year of growth and a dividend-safety grade of C. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal. This is research for your own analysis, not investment advice.

Will GLPI cut its dividend?

GLPI earns a dividend-safety grade of C (54/100), and has cut its dividend before (last in 2020). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

Does GLPI pay a dividend?

Yes. Gaming and Leisure Properties, Inc. pays a quarterly dividend of about $3.28 per share annually, a forward yield of roughly 8.24%.

How much dividend does 100 shares of GLPI pay?

At $3.28 per share a year, 100 shares of GLPI pay $328.00 a year in dividends before tax, about $82.00 each quarter. Buying them costs about $3,923 at the Nov 5, 2026 price.

What is GLPI's dividend yield?

As of Nov 5, 2026, GLPI's forward dividend yield is 8.24%, based on a $3.28 annual dividend and a $39.23 share price.

What is GLPI's dividend per share?

As of Nov 5, 2026, GLPI pays $3.28 per share per year, distributed on a quarterly basis.

What is GLPI's dividend payout ratio?

As of Nov 5, 2026, GLPI's payout ratio is 98% of trailing 12-month earnings — an elevated level worth watching, as it leaves less cushion if earnings dip.

How many years has GLPI grown its dividend?

As of Nov 5, 2026, GLPI has increased its dividend for 1 consecutive years.

When is the next GLPI ex-dividend date?

As of Nov 5, 2026, GLPI's next ex-dividend date hasn't been announced. The most recent was Sep 11, 2026, for $0.82 per share.

GLPI Dividend News

GLPI
IncreaseGLPI·Jun 13, 2026

Gaming and Leisure Properties Raises Dividend 5.1% to $0.82

GLPI raises its quarterly dividend 5.1% to $0.82, extending a 5-year growth streak, while a 92% earnings payout leaves a limited coverage cushion.

Income Calculator

At $3.28 / yr per share

Per payment (quarterly)$82.00
Annual$328.00
Monthly avg$27.33
Full GLPI dividend calculator →

Similar Dividend Stocks

WELLWELLWelltower Inc.1.37%Real EstatePLDPLDPrologis, Inc.3.26%Real EstateEQIXEQIXEquinix, Inc.1.96%Real EstateAMTAMTAmerican Tower Corporation3.67%Real Estate

Compare GLPI

GLPI vs WELLGLPI vs PLDGLPI vs EQIXGLPI vs AMT

Explore more

Lists and tools related to GLPI