New Senior Declares Second Quarter 2021 Dividend

Rhea-AI Summary

New Senior Investment Group (NYSE: SNR) declared a cash dividend of $0.065 per share for the quarter ending June 30, 2021. This dividend is due for payment on October 14, 2021 to stockholders on record as of October 1, 2021. The synchronization of record and payment dates aligns with Ventas, as outlined in their merger agreement. New Senior operates a diversified portfolio of senior housing properties across 36 states, owning 103 properties in total.

Positive

• Declared a cash dividend of $0.065 per share.
• Dividend payable on October 14, 2021, indicates financial stability.
• Merger agreement with Ventas suggests strategic growth.

Negative

• None.

New Senior Investment Group Inc. (“New Senior” or the “Company”) (NYSE: SNR) announced today that its board of directors declared a cash dividend on our common stock of $0.065 per share for the quarter ended June 30, 2021. The dividend is payable on October 14, 2021 to stockholders of record on October 1, 2021. As required by the merger agreement relating to the pending acquisition of the Company by Ventas, the Company and Ventas agreed to synchronize the record and payment dates for their dividends to the dates typically used by Ventas.

ABOUT NEW SENIOR

New Senior Investment Group Inc. (NYSE: SNR) is a publicly-traded real estate investment trust with a diversified portfolio of senior housing properties located across the United States. New Senior is one of the largest owners of senior housing properties, with 103 properties across 36 states. More information about New Senior can be found at www.newseniorinv.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210804005617/en/

FAQ

What is the dividend amount for SNR in October 2021?

The cash dividend for SNR is $0.065 per share.

When is the SNR dividend payment date?

The dividend payment date is October 14, 2021.

What is the record date for the SNR dividend?

The record date for the SNR dividend is October 1, 2021.

How many properties does New Senior own?

New Senior owns 103 senior housing properties across 36 states.

Who is acquiring New Senior?

New Senior is being acquired by Ventas.