By Marc Lichtenfeld Below, Investment U’s Income Expert, Marc Lichtenfeld, takes a look at The GEO Group’s dividend safety.
Private prisons are a hotly debated topic. Many people believe that prisons should not be a for-profit industry. But at the moment, privately run prisons are legal… and big business.
As of 2018, there were nearly 130,000 Americans incarcerated in private prisons.
It’s a multibillion-dollar industry.
There are two publicly traded private prison companies: The GEO Group (NYSE: GEO) and CoreCivic (NYSE: CXW).
The GEO Group’s Dividend Safety Overview
The GEO Group’s quarterly dividend had been $0.48 per share, but the company recently announced it was lowering the payout to …read more
