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 to $0.4225 per share for the quarter ended June 30, 2020. This dividend will be payable on August 28, 2020 to shareholders of record as of August 17, 2020, reflecting an annualized dividend of $1.69 per share. The company has consistently increased its dividend every quarter since its IPO, demonstrating a commitment to returning value to shareholders.

Positive

• Dividend increased to $0.4225 per share for Q2 2020.
• Demonstrates a consistent record of quarterly dividend increases since IPO.
• Annualized dividend now stands at $1.69 per share.

Negative

• None.

FRANKLIN, Tenn., Aug. 3, 2020 /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, 2020.  This dividend, in the amount of $0.4225 per share, is payable on August 28, 2020 to shareholders of record on August 17, 2020. This dividend rate equates to an annualized dividend of $1.69 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 supplemental operating and financial information package 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", "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, the degree and nature of the Company's competition, the ability to consummate acquisitions under contract, effects on global and national markets as well as businesses resulting from the COVID-19 pandemic, 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, 2019, in the Quarterly Report on Form 10-Q for the Quarter Ending March 31, 2020, 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 supplemental operating and financial information package and undertakes no obligation to update forward-looking g statements, whether as a result of new information, future developments, or otherwise, except as may be required by law.

CONTACT David H. Dupuy, 615-771-3052

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SOURCE Community Healthcare Trust Incorporated

FAQ

What is the new dividend amount for CHCT in August 2020?

The new dividend amount for CHCT is $0.4225 per share.

When is the dividend payable to CHCT shareholders?

The dividend is payable on August 28, 2020.

What is the record date for the CHCT dividend?

The record date for the CHCT dividend is August 17, 2020.

Has CHCT consistently increased its dividends?

Yes, CHCT has increased its dividend every quarter since its Initial Public Offering.

What is the annualized dividend for CHCT for 2020?

The annualized dividend for CHCT is $1.69 per share.