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The GEO Group Declares Quarterly Cash Dividend of $0.50 Per Share

  The GEO Group Declares Quarterly Cash Dividend of $0.50 Per Share

Business Wire

BOCA RATON, Fla. -- May 08, 2013

The GEO Group, Inc. (NYSE: GEO) ("GEO") announced that on May 7, 2013, its
Board of Directors declared a quarterly cash dividend of $0.50 per share which
will be paid on June 3, 2013 to shareholders of record as of the close of
business on May 20, 2013.

George C. Zoley, Chairman and Chief Executive Officer of GEO, said: “We are
pleased to declare our quarterly cash dividend of $0.50 per share, which is
indicative of our continued commitment to return value to our shareholders.”

The GEO Group, Inc. (NYSE: GEO) is the first fully integrated equity real
estate investment trust specializing in the design, financing, development,
and operation of correctional, detention, and community reentry facilities
around the globe. GEO is the world's leading provider of diversified
correctional, detention, and community reentry services to government agencies
worldwide with operations in the United States, Australia, South Africa, and
the United Kingdom. GEO's worldwide operations include the ownership and/or
management of 95 facilities totaling approximately 72,000 beds with a growing
workforce of approximately 18,000 professionals.

This press release contains forward-looking statements regarding future events
and the future performance of GEO that involve risks and uncertainties that
could materially affect actual results, including statements regarding the
timing and amount of dividends. Factors that could cause actual results to
vary from current expectations and forward-looking statements contained in
this press release include, but are not limited to: (1) GEO’s ability to
declare future quarterly cash dividends; (2) GEO’s ability to successfully
pursue further growth and continue to enhance shareholder value; (3) GEO’s
ability to access the capital markets in the future on satisfactory terms or
at all; (4) risks associated with GEO’s ability to control operating costs
associated with contract start-ups; (5) GEO’s ability to timely open
facilities as planned, profitably manage such facilities and successfully
integrate such facilities into GEO’s operations without substantial costs; (6)
GEO’s ability to win management contracts for which it has submitted proposals
and to retain existing management contracts; (7) GEO’s ability to obtain
future financing on acceptable terms; (8) GEO’s ability to sustain
company-wide occupancy rates at its facilities; and (9) other factors
contained in GEO’s Securities and Exchange Commission filings, including the
forms 10-K, 10-Q and 8-K reports.

Contact:

The GEO Group, Inc.
Pablo E. Paez, 1-866-301-4436
Vice President, Corporate Relations
 
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