LTC Declares Its Monthly Common Stock Cash Dividend for the First Quarter of 2021

Rhea-AI Summary

LTC Properties announced a monthly cash dividend of $0.19 per common share for January, February, and March 2021. These dividends are payable on January 29, February 26, and March 31, 2021, to shareholders of record on January 21, February 18, and March 23, 2021, respectively. The company operates as a real estate investment trust (REIT) focused on seniors housing and healthcare properties across 27 states and holds 181 investments, splitting evenly between seniors housing and skilled nursing properties.

Positive

• Monthly cash dividend of $0.19 per share for Q1 2021, reflecting strong shareholder returns.
• Stable investment in seniors housing and healthcare properties across 27 states.

Negative

• Potential risks and uncertainties associated with forward-looking statements, which could impact future dividends and operational performance.

LTC Properties, Inc. (NYSE: LTC) announced today that it had declared a monthly cash dividend on its common stock for the first quarter of 2021.

The Company declared a monthly cash dividend of $0.19 per common share per month for the months of January, February and March 2021, payable on January 29, February 26 and March 31, 2021, respectively, to stockholders of record on January 21, February 18 and March 23, 2021, respectively.

About LTC Properties

LTC is a real estate investment trust (REIT) investing in seniors housing and health care properties primarily through sale-leasebacks, mortgage financing, joint-ventures and structured finance solutions including preferred equity and mezzanine lending. LTC holds 181 investments in 27 states with 29 operating partners. The portfolio is comprised of investments of approximately 50% seniors housing and 50% skilled nursing properties. Learn more at www.LTCreit.com.

This press release includes statements that are not purely historical and are “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, including statements regarding the Company’s expectations, beliefs, intentions or strategies regarding the future. All statements other than historical facts contained in this press release are forward looking statements. These forward-looking statements involve a number of risks and uncertainties. All forward looking statements included in this press release are based on information available to the Company on the date hereof, and the Company assumes no obligation to update such forward looking statements. Although the Company’s management believes that the assumptions and expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. The actual results achieved by the Company may differ materially from any forward-looking statements due to the risks and uncertainties of such statements.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210104005030/en/

FAQ

What is the dividend amount declared by LTC Properties for Q1 2021?

LTC Properties declared a monthly cash dividend of $0.19 per common share for January, February, and March 2021.

When will LTC Properties pay the Q1 2021 dividends?

The dividends will be paid on January 29, February 26, and March 31, 2021.

What are the record dates for the LTC Properties dividends?

Record dates are January 21, February 18, and March 23, 2021.

How many investments does LTC Properties hold?

LTC Properties holds 181 investments across 27 states.

What sectors does LTC Properties invest in?

LTC Properties invests in seniors housing and healthcare properties, with a portfolio evenly divided between the two.