GLP raises quarterly dividend 1.96% to $0.78 per share

Global Partners LP (GLP) has announced a quarterly dividend increase of 1.96%, raising its payout to $0.7800 per share. The new dividend will be paid to shareholders of record as of the ex-dividend date, which is set for August 10, 2026. This marks the latest in a series of incremental raises for the company.

The numbers

The new dividend of $0.7800 per share represents an increase from the previous payment of $0.7650. This is part of a consistent upward trend in GLP's quarterly distributions. Recent payments have been: $0.745 (May 2025), $0.75 (Aug 2025), $0.755 (Nov 2025), $0.76 (Feb 2026), and $0.765 (May 2026). The company has now increased its dividend for one consecutive year.

Based on the current stock price of $50.01, the new quarterly rate annualizes to $3.12 per share, implying a trailing twelve-month (TTM) yield of 6.12% (based on TTM dividend per share of $3.0600). Over the past five years, the dividend has grown at a compound annual growth rate (CAGR) of 9.7%.

What it means for income investors

For income-focused investors, this raise translates to an additional $0.015 per share per quarter. On a 100-share holding, that amounts to an extra $1.50 per quarter, or $6.00 annually. The new annualized payout of $3.12 per share would yield $312 per year on 100 shares at the current price. Investors should note the ex-dividend date of August 10, 2026, to ensure eligibility for this payment.

Reporting based on: DividendSmart market data. Figures verified against market data where available.