Community Healthcare Trust Incorporated Announces Increased Second Quarter Dividend

Rhea-AI Summary

Community Healthcare Trust (NYSE: CHCT) has announced an increase in its quarterly cash dividend for Q2 2024. The Board of Directors has approved a dividend of $0.4625 per share, payable on August 23, 2024, to shareholders of record on August 9, 2024. This new dividend rate translates to an annualized dividend of $1.85 per share.

The company has maintained a consistent track record of increasing its dividend every quarter since its Initial Public Offering. This latest increase demonstrates CHCT's commitment to delivering value to its shareholders and reflects the company's strong financial position in the healthcare real estate sector.

FRANKLIN, Tenn., July 25, 2024 /PRNewswire/ -- Community Healthcare Trust Incorporated (NYSE: CHCT) today announced that its Board of Directors has increased its common stock cash dividend for the quarter ended June 30, 2024. This dividend, in the amount of $0.4625 per share, is payable on August 23, 2024 to shareholders of record on August 9, 2024. This dividend rate equates to an annualized dividend of $1.85 per share. Community Healthcare Trust Incorporated has increased its dividend every quarter since its Initial Public Offering.

About Community Healthcare Trust Incorporated

Community Healthcare Trust Incorporated (the "Company") is a real estate investment trust that focuses on owning income-producing real estate properties associated primarily with the delivery of outpatient healthcare services in our target sub-markets throughout the United States.

Cautionary Note Regarding Forward-Looking Statements

In addition to the historical information contained within, the matters discussed in this press release may contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are generally identifiable by use of forward-looking terminology such as "believes", "expects", "may", "will," "should", "seeks", "approximately", "intends", "plans", "estimates", "anticipates" or other similar words or expressions, including the negative thereof. Forward-looking statements are based on certain assumptions and can include future expectations, future plans and strategies, financial and operating projections or other forward-looking information. Such forward-looking statements reflect management's current beliefs and are based on information currently available to management. Because forward-looking statements relate to future events, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of the control of Community Healthcare Trust Incorporated (the "Company"). Thus, the Company's actual results and financial condition may differ materially from those indicated in such forward-looking statements. Some factors that might cause such a difference include the following: general volatility of the capital markets and the market price of the Company's common stock, changes in the Company's business strategy, availability, terms and deployment of capital, the Company's ability to refinance existing indebtedness at or prior to maturity on favorable terms, or at all, changes in the real estate industry in general, interest rates or the general economy, adverse developments related to the healthcare industry, changes in governmental regulations, the degree and nature of the Company's competition, the ability to consummate acquisitions under contract, catastrophic or extreme weather and other natural events and the physical effects of climate change, the occurrence of cyber incidents, effects on global and national markets as well as businesses resulting from increased inflation, rising interest rates, supply chain disruptions, labor conditions, the conflict between Russia and Ukraine, new and ongoing hostilities between Israel and Hamas, and/or uncertainties related to the 2024 U.S. presidential election, and the other factors described in the section entitled "Risk Factors" in the Company's Annual Report on Form 10-K for the year ended December 31, 2023, and the Company's other filings with the Securities and Exchange Commission from time to time. Readers are therefore cautioned not to place undue reliance on the forward-looking statements contained herein which speak only as of the date hereof. The Company intends these forward-looking statements to speak only as of the time of this press release and undertakes no obligation to update forward-looking statements, whether as a result of new information, future developments, or otherwise, except as may be required by law.

CONTACT: Bill Monroe, 615-771-3052

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SOURCE Community Healthcare Trust Incorporated

FAQ

What is the new quarterly dividend amount for Community Healthcare Trust (CHCT) in Q2 2024?

Community Healthcare Trust (CHCT) has increased its quarterly dividend to $0.4625 per share for Q2 2024.

When will Community Healthcare Trust (CHCT) pay its Q2 2024 dividend?

CHCT will pay its Q2 2024 dividend on August 23, 2024, to shareholders of record on August 9, 2024.

What is the annualized dividend for Community Healthcare Trust (CHCT) based on the new quarterly rate?

Based on the new quarterly dividend rate, Community Healthcare Trust's annualized dividend is $1.85 per share.

How often has Community Healthcare Trust (CHCT) increased its dividend?

Community Healthcare Trust has increased its dividend every quarter since its Initial Public Offering.

What is the stock symbol for Community Healthcare Trust on the NYSE?

Community Healthcare Trust trades on the New York Stock Exchange under the symbol CHCT.