CareTrust REIT Raises Quarterly Dividend to $0.28 per Share

Rhea-AI Summary

CareTrust REIT, Inc. (NYSE:CTRE) announced an increase in its quarterly cash dividend from $0.275 to $0.28 per common share. This dividend, payable to stockholders of record as of March 31, 2023, will be distributed on or about April 14, 2023. CEO Dave Sedgwick stated that this increase reflects the company's strategy of consistently raising dividends while managing capital for future investments effectively. CareTrust REIT focuses on acquiring and leasing skilled nursing and healthcare-related properties across the U.S., emphasizing both external and organic growth.

Positive

• Quarterly cash dividend increased from $0.275 to $0.28 per share.
• Dividend will be payable to stockholders on or about April 14, 2023.
• Reflects a balanced approach to capital management and investor returns.

Negative

• None.

SAN CLEMENTE, Calif.--(BUSINESS WIRE)-- CareTrust REIT, Inc. (NYSE:CTRE) announced today that its Board of Directors has increased its quarterly common stock cash dividend from $0.275 to $0.28 per common share. The current dividend will be payable to common stockholders of record as of the close of business on March 31, 2023 and management affirmed that the company plans to pay the dividend on or about April 14, 2023.

Dave Sedgwick, CareTrust’s Chief Executive Officer, commented that “This increase reflects our balanced approach to maintaining our pattern of steadily increasing the dividend while also retaining the least expensive form of capital for future investments.”

About CareTrust REIT™

CareTrust REIT, Inc. is a self-administered, publicly-traded real estate investment trust engaged in the ownership, acquisition, development and leasing of skilled nursing, seniors housing and other healthcare-related properties. With a nationwide portfolio of long-term net-leased properties, and a growing portfolio of quality operators leasing them, CareTrust REIT is pursuing both external and organic growth opportunities across the United States. More information about CareTrust REIT is available at www.caretrustreit.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230320005643/en/

CareTrust REIT, Inc.

(949) 542-3130

ir@caretrustreit.com

Source: CareTrust REIT, Inc.

FAQ

What is the new dividend amount for CareTrust REIT (CTRE)?

The new dividend amount for CareTrust REIT (CTRE) is $0.28 per common share.

When is the dividend payment date for CareTrust REIT (CTRE)?

The dividend payment date for CareTrust REIT (CTRE) is on or about April 14, 2023.

Who is eligible for the dividend from CareTrust REIT (CTRE)?

Stockholders of record as of the close of business on March 31, 2023, are eligible for the dividend.

How often does CareTrust REIT (CTRE) pay dividends?

CareTrust REIT (CTRE) pays dividends quarterly.

What does the dividend increase indicate about CareTrust REIT (CTRE)?

The dividend increase indicates the company's commitment to returning value to shareholders while managing capital effectively.