Gaming and Leisure Properties declares special dividend of $11.85 per share (GLPI) 50.26 : Co announces that its Board of Directors declared a special dividend to shareholders in connection with its previously announced intention to qualify as a real estate investment trust in 2014 following its separation from Penn National Gaming (PENN) on November 1, 2013.
The special dividend of $1.05 bln, or ~$11.85 per share, will be paid on February 18, 2014 to shareholders of record on January 13, 2014. The amount of cash to be distributed will be $210 mln, or 20% of the total distribution, with the remainder to be paid in shares of GLPI common stock. Although the Company does not anticipate the need for a further dividend to complete the purge of its historical earnings and profits, if the Company later determines that a subsequent dividend is necessary to qualify as a REIT in 2014, it would expect to declare and pay an additional dividend of earnings and profits no later than December 31, 2014.
Each GLPI shareholder will be permitted to elect to receive the shareholder's entire entitlement in either cash or GLPI common stock, subject to the 20% aggregate cash requirement. Shareholders of record on the Record Date will receive an election form providing for a choice of all cash or all shares, which must be completed and returned by the close of business on February 10, 2014. Shareholders electing cash will receive all cash unless the aggregate amount elected by all shareholders is in excess of the 20% cash requirement, in which case, cash will be allocated on a pro rata basis to such shareholders with the balance in shares.
Coffee pot runs between 99 and $170 I have never seen so many coffeepots sold in the last month how many stores Cosco each store has sold skids of coffee pots at $149.00 each and looks to me like this 50 pots on each skid that’s a lot of coffee pots how many warehouse outlets does Cosco have now K cups hundreds of dollars per costumer my god that is going to be a number that’s going to knock people over hospitals doctors offices real estate offices businesses all over the country this has turned out to be the biggest Christmas Greenmountain has ever seen wait until the numbers start the show this is not A stock too short
I love New York everywhere I turn I see Greenmountain coffee at Cosco’s every shopping cart has two,three coffeepots every supermarket dedicates tons of shelving space take K cups this is 2013 Christmas of the year for GMCR what I don’t understand is why there is so many shorts this stock is going to fly, manipulation?