The GEO Group Declares Quarterly Cash Dividend of $0.57 Per Share

  The GEO Group Declares Quarterly Cash Dividend of $0.57 Per Share

Business Wire

BOCA RATON, Fla. -- February 19, 2014

The GEO Group, Inc. (NYSE: GEO) (“GEO”) announced that on February 18, 2014,
its Board of Directors declared a quarterly cash dividend of $0.57 per share,
which is an increase from GEO’s prior quarterly cash dividend of $0.55 per
share. The quarterly cash dividend will be paid on March 14, 2014 to
shareholders of record as of the close of business on March 3, 2014.

George C. Zoley, Chairman and Chief Executive Officer of GEO, said: “We are
very pleased to have increased our quarterly cash dividend to $0.57 per share,
or $2.28 per share annually, which was driven by the continued growth in our
Adjusted Funds From Operations and is indicative of our company’s 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, community reentry, and electronic monitoring 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 98 facilities totaling
approximately 77,000 beds, including projects under development, 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 and the timing and amount of such
future 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 its form 10-K, 10-Q and 8-K reports.


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