Better late than never! If things had happened the way I expected, The GEO Group Inc (GEO) would have declared a dividend increase in October 2016. But things don't always happen the way we expect. So GEO declared a dividend increase on 2/6/2017 instead.
Thanks to dividend reinvestment and thanks to the recent approximately 8% dividend increase, my payment later this month will be 10% higher than my first payment. As a nice bonus, GEO's price appreciation since I made my purchase has been quite significant. Currently, GEO is on track to contribute more than its fair share of the $560 per month that I hope to collect in dividends beginning in December 2035.
In addition to GEO's primary business model, the company's website describes other services they provide, including rehabilitation services as well as electronic monitoring. Details can be found here: http://bit.ly/2kAsYtE.
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