Community Healthcare Trust Incorporated Announces Increased Second Quarter Dividend

Rhea-AI Summary

Community Healthcare Trust Incorporated (NYSE: CHCT) has announced an increase in its common stock cash dividend for the quarter ended June 30, 2023. The dividend of $0.4525 per share will be payable on August 25, 2023, to shareholders of record on August 11, 2023. This represents an annualized dividend of $1.81 per share. The company has consistently increased its dividend every quarter since its IPO.

FRANKLIN, Tenn., July 27, 2023 /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, 2023. This dividend, in the amount of $0.4525 per share, is payable on August 25, 2023 to shareholders of record on August 11, 2023. This dividend rate equates to an annualized dividend of $1.81 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, and/or the conflict between Russia and Ukraine, 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, 2022, 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, Inc.

FAQ

What is the stock symbol of Community Healthcare Trust Incorporated?

The stock symbol of Community Healthcare Trust Incorporated is CHCT.

When will the dividend be payable?

The dividend will be payable on August 25, 2023.

Who will receive the dividend?

Shareholders of record on August 11, 2023, will receive the dividend.

What is the dividend amount per share?

The dividend amount per share is $0.4525.

What is the annualized dividend per share?

The annualized dividend per share is $1.81.

Has the company consistently increased its dividend?

Yes, Community Healthcare Trust Incorporated has increased its dividend every quarter since its IPO.