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GEO Group Inc. (GEO) Surged To A 5-Month High On Special Dividend News

GEO Group Inc. (GEO) announced after the close Thursday that its Board of Directors has unanimously authorized GEO to take all necessary steps that will prepare GEO to position itself to operate as a real estate investment trust. GEO's Board also declared a special dividend of $5.68 per share of common stock.

GEO Group gapped open sharply higher Friday, but traded in a range for the majority of the session. The stock closed up by 2.56 at $32.00 on the highest volume of the year and jumped to a 5-year high.

by RTTNews Staff Writer

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