LTC Declares Its Monthly Common Stock Cash Dividend for the First Quarter of 2022

Rhea-AI Summary

LTC Properties, Inc. (NYSE:LTC) has declared a monthly cash dividend of $0.19 per common share for January, February, and March 2022. The dividends will be payable on January 31, February 28, and March 31, 2022, to stockholders of record on January 21, February 18, and March 23, 2022. LTC is a REIT focused on seniors housing and healthcare properties, owning or holding mortgages on 190 properties across 27 states.

Positive

• Monthly cash dividend of $0.19 per share enhances shareholder income.
• Regular dividend payments indicate company confidence and stability.
• Strong portfolio with 190 properties supports consistent revenue.

Negative

• None.

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)-- LTC Properties, Inc. (NYSE:LTC) announced today that it had declared a monthly cash dividend on its common stock for the first quarter of 2022.

The Company declared a monthly cash dividend of $0.19 per common share per month for the months of January, February and March 2022, payable on January 31, February 28 and March 31, 2022, respectively, to stockholders of record on January 21, February 18 and March 23, 2022, 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 owns or holds first mortgages on 190 properties in 27 states with 33 operating partners. Based on LTC’s gross real estate investments, the portfolio is comprised 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/20220103005034/en/

Wendy Simpson

Pam Kessler

(805) 981-8655

Source: LTC Properties, Inc.

FAQ

What is the dividend amount for LTC Properties in the first quarter of 2022?

LTC Properties declared a monthly cash dividend of $0.19 per share for January, February, and March 2022.

When will LTC Properties pay its dividends?

Dividends will be paid on January 31, February 28, and March 31, 2022.

Who are the stockholders of record for LTC Properties' dividend?

Stockholders of record are January 21, February 18, and March 23, 2022.

What type of properties does LTC Properties invest in?

LTC Properties invests primarily in seniors housing and healthcare properties.

How many properties does LTC Properties own?

LTC Properties owns or holds mortgages on 190 properties across 27 states.