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MGM Growth Properties increases Q4 dividends

MGM Growth Properties declared a fourth-quarter distribution of 42 cents per unit and a dividend for the period of 42 cents per share of its class A common stock.

The new annual dividend of $1.68 per share is 6.3% higher than the previous annual dividend rate.

The dividends will be payable Jan. 16, 2018, to shareholders of record Dec. 29.