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LTC Declares Its Monthly Common Stock Cash Dividend for the Fourth Quarter Of 2020

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LTC Properties (NYSE:LTC) has declared a monthly cash dividend of $0.19 per common share for October, November, and December 2020. This dividend will be payable on October 30, November 30, and December 31, 2020, to shareholders of record on October 22, November 20, and December 23, respectively. LTC is a real estate investment trust (REIT) with a portfolio of 180 investments across 27 states, focusing on seniors housing and skilled nursing properties.

Positive
  • Monthly cash dividend of $0.19 per share indicates steady income for shareholders.
  • Continued dividend payments reflect company confidence and financial stability.
Negative
  • None.

WESTLAKE VILLAGE, Calif.--()--LTC Properties, Inc. (NYSE:LTC) announced today that it had declared a monthly cash dividend on its common stock for the fourth quarter of 2020.

The Company declared a monthly cash dividend of $0.19 per common share per month for the months of October, November and December 2020, payable on October 30, November 30 and December 31, 2020, respectively, to stockholders of record on October 22, November 20 and December 23, 2020, 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 180 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.

Contacts

Wendy Simpson
Pam Kessler
(805) 981-8655

FAQ

What is the dividend amount for LTC Properties in 2020?

LTC Properties declared a monthly cash dividend of $0.19 per common share for the fourth quarter of 2020.

When will LTC Properties pay its dividends?

Dividends will be paid on October 30, November 30, and December 31, 2020.

What are the record dates for LTC Properties' dividends in 2020?

The record dates are October 22, November 20, and December 23, 2020.

How does LTC Properties generate income?

LTC Properties invests in seniors housing and healthcare properties primarily through sale-leasebacks, mortgage financing, and joint ventures.

LTC Properties, Inc.

NYSE:LTC

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1.75B
44.33M
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76.64%
3.16%
REIT - Healthcare Facilities
Real Estate Investment Trusts
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United States of America
WESTLAKE VILLAGE