LTC Declares Its Monthly Common Stock Cash Dividend for the Second Quarter of 2021

Rhea-AI Summary

LTC Properties, Inc. (NYSE:LTC) declared a monthly cash dividend of $0.19 per common share for the second quarter of 2021. The payments are scheduled for April 30, May 28, and June 30, 2021, with record dates of April 22, May 20, and June 22, 2021. LTC is a real estate investment trust focused on seniors housing and healthcare properties, with 181 investments across 27 states, evenly split between seniors housing and skilled nursing. This dividend reflects the company’s commitment to shareholder returns.

Positive

• Monthly cash dividend of $0.19 per share signals strong income for shareholders.
• Continued commitment to dividend payments fosters investor confidence.
• Diverse portfolio with 181 investments supports stability.

Negative

• None.

LTC Properties, Inc. (NYSE:LTC) announced today that it had declared a monthly cash dividend on its common stock for the second quarter of 2021.

The Company declared a monthly cash dividend of $0.19 per common share per month for the months of April, May and June 2021, payable on April 30, May 28 and June 30, 2021, respectively, to stockholders of record on April 22, May 20 and June 22, 2021, 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 181 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210401005095/en/

FAQ

What is the dividend amount announced by LTC Properties for 2021?

LTC Properties declared a monthly cash dividend of $0.19 per common share.

When is the dividend payment scheduled for LTC Properties?

The dividend payments are scheduled for April 30, May 28, and June 30, 2021.

Who will receive the dividend from LTC Properties?

Stockholders of record on April 22, May 20, and June 22, 2021, will receive the dividend.

What type of company is LTC Properties?

LTC Properties is a real estate investment trust (REIT) specializing in seniors housing and healthcare properties.

How many investments does LTC Properties have?

LTC Properties has 181 investments in 27 states.