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.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.