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

Rhea-AI Summary

LTC Properties, Inc. (NYSE:LTC) has declared a monthly cash dividend of $0.19 per common share for the third quarter of 2022. The dividends are scheduled for payment on July 29, August 31, and September 30, 2022, to stockholders of record on July 21, August 23, and September 22, 2022, respectively. LTC operates as a real estate investment trust, focusing on seniors housing and health care properties, with an investment portfolio of 202 properties across 29 states.

Positive

• Monthly cash dividend of $0.19 shows strong commitment to returning value to shareholders.
• Diverse investment portfolio includes 202 properties across 29 states, enhancing revenue potential.

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 third quarter of 2022.

The Company declared a monthly cash dividend of $0.19 per common share per month for the months of July, August and September 2022, payable on July 29, August 31 and September 30, 2022, respectively, to stockholders of record on July 21, August 23 and September 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 202 properties in 29 states with 33 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.

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/20220701005009/en/

Mandi Hogan

(303) 913-4721

Source: LTC Properties, Inc.

FAQ

What is the LTC Properties dividend amount for the third quarter of 2022?

The dividend amount is $0.19 per common share for each month of July, August, and September 2022.

When will LTC Properties pay its dividends in 2022?

Dividends will be paid on July 29, August 31, and September 30, 2022.

Who are the stockholders of record for LTC Properties dividends?

The stockholders of record are those holding shares on July 21, August 23, and September 22, 2022.

How does LTC Properties invest in healthcare and housing?

LTC Properties invests primarily through sale-leasebacks, mortgage financing, joint ventures, and structured finance solutions.

What is the focus of LTC Properties' investment portfolio?

LTC's investment portfolio is evenly split between seniors housing and skilled nursing properties.