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MGM Growth boosts quarterly dividend

MGM Growth Properties LLC's board declared a quarterly cash dividend of 44.75 cents per class A common share for the fourth quarter.

The annual $1.79 dividend represents an increase of 11 cents per share year-to-date, a total increase of roughly 6.5%.

The dividend will be paid on Jan. 15, 2019, to shareholders of record as of the close of business on Dec. 31.