LTC Declares Its Monthly Common Stock Cash Dividend for the Fourth Quarter Of 2022

Rhea-AI Summary

LTC Properties, Inc. (NYSE:LTC) has declared a monthly cash dividend of $0.19 per share for the fourth quarter of 2022. This dividend will be payable on October 31, November 30, and December 30, with record dates of October 21, November 22, and December 22, respectively. The company operates a diverse portfolio of 205 properties across 29 states, primarily focused on seniors housing and skilled nursing facilities, making significant investments in real estate through sale-leasebacks and mortgage financing.

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• Declared a monthly cash dividend of $0.19 for October, November, and December 2022.
• Strong investment portfolio consisting of 205 properties with a balanced focus on seniors housing and skilled nursing.

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• 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 fourth quarter of 2022.

The Company declared a monthly cash dividend of $0.19 per common share per month for the months of October, November and December 2022, payable on October 31, November 30 and December 30, 2022, respectively, to stockholders of record on October 21, November 22 and December 22, 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’s investment portfolio includes 205 properties in 29 states with 33 operating partners. Based on its gross real estate investments, LTC’s investment portfolio is comprised of approximately 50% seniors housing and 50% skilled nursing properties. Learn more at www.LTCreit.com.

Forward Looking Statements

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. Please see LTC’s most recent Annual Report on Form 10-K, its subsequent Quarterly Reports on Form 10-Q, and its other publicly available filings with the Securities and Exchange Commission for a discussion of these and other 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/20221003005023/en/

Mandi Hogan

(805) 981-8655

Source: LTC Properties, Inc.

FAQ

What is the declared dividend amount by LTC Properties for 2022?

LTC Properties declared a monthly cash dividend of $0.19 per share for the fourth quarter of 2022.

When is the dividend payment date for LTC Properties?

The dividend payment dates are October 31, November 30, and December 30, 2022.

What are the record dates for LTC Properties' dividends?

The record dates for the dividends are October 21, November 22, and December 22, 2022.

How many properties does LTC Properties manage?

LTC Properties manages a portfolio of 205 properties across 29 states.