LTC Declares Its Monthly Common Stock Cash Dividend for the Second Quarter of 2023

Rhea-AI Summary

LTC Properties, Inc. (NYSE:LTC) has declared a monthly cash dividend of $0.19 per common share for the second quarter of 2023. The dividends are scheduled for April 28, May 31, and June 30, payable to stockholders of record on April 20, May 23, and June 22, 2023. LTC, a real estate investment trust focused on seniors housing and health care properties, manages a portfolio of 213 properties across 29 states, evenly split between seniors housing and skilled nursing properties. Investors are encouraged to review the company’s annual and quarterly reports for more insights on its financial health.

Positive

• Monthly cash dividend of $0.19 per share enhances shareholder income.
• Diverse portfolio comprised of 213 properties supports revenue stability.

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 second quarter of 2023.

The Company declared a monthly cash dividend of $0.19 per common share per month for the months of April, May and June 2023, payable on April 28, May 31 and June 30, 2023, respectively, to stockholders of record on April 20, May 23 and June 22, 2023, 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 213 properties in 29 states with 31 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 LTC 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/20230403005041/en/

Mandi Hogan

(805) 981-8655

Source: LTC Properties, Inc.

FAQ

What is the dividend amount declared by LTC for Q2 2023?

LTC Properties declared a monthly cash dividend of $0.19 per share for April, May, and June 2023.

When will the dividend be paid to LTC shareholders?

The dividends will be paid on April 28, May 31, and June 30, 2023.

What are the record dates for LTC's Q2 2023 dividend?

The record dates are April 20, May 23, and June 22, 2023.

How many properties does LTC Properties manage?

LTC Properties manages 213 properties across 29 states.