Gaming and Leisure Properties Inc. set forth guidance for the 2017 first quarter and full year and increased its dividend.

The company projects FFO and AFFO of $116.6 million and $163.3 million, respectively, for the first quarter. For the full year, FFO and AFFO is expected to be $470.6 million and $656.6 million, respectively.

The company's board declared a dividend of 62 cents per common share, up from the previous dividend of 60 cents per share. The dividend is payable March 24 to shareholders on record as of March 13.