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

Rhea-AI Summary

LTC Properties (NYSE:LTC) has declared a monthly cash dividend of $0.19 per share for the second quarter of 2022. The dividend will be payable on April 29, May 31, and June 30, 2022, to stockholders of record on April 21, May 23, and June 22, 2022, respectively. LTC Properties focuses on real estate investments in seniors housing and health care properties, managing 198 properties across 29 states.

Positive

• Monthly dividend of $0.19 per share boosts income for shareholders.
• Strong diversified portfolio consisting of 198 properties in 29 states.

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 2022.

The Company declared a monthly cash dividend of $0.19 per common share per month for the months of April, May and June 2022, payable on April 29, May 31 and June 30, 2022, respectively, to stockholders of record on April 21, May 23 and June 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 198 properties in 29 states with 36 operating partners consisting of real property investments, first mortgages, mezzanine loans, working capital notes and unconsolidated joint ventures. Based on its gross investments, LTC’s investment 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/20220401005029/en/

Wendy L. Simpson

Pam Kessler

(805) 981-8655

Source: LTC Properties, Inc.

FAQ

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

LTC Properties declared a dividend of $0.19 per share for April 2022.

When will LTC Properties pay dividends for the second quarter of 2022?

Dividends will be paid on April 29, May 31, and June 30, 2022.

What are the record dates for LTC Properties' dividends in 2022?

The record dates are April 21, May 23, and June 22, 2022.

Is LTC Properties' dividend likely to be sustainable?

While the dividend has been declared, sustainability depends on future financial performance and market conditions.