Strawberry Fields REIT, Inc. Q1 2024 Cash Dividend of $0.12 per Common Share
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Insights
The declaration of a cash dividend of $0.12 per share by Strawberry Fields REIT, Inc. is a significant indicator of the company's current financial health and its ability to generate positive cash flow. Dividends are a portion of earnings distributed to shareholders and the announcement of such a payment typically reflects confidence by the board in the company's stable earnings and future prospects. This action might suggest that the company has sufficient earnings or reserves to reward its shareholders, which can be an attractive attribute for investors seeking income-generating investments.
From a financial perspective, the payment of dividends can also affect the company's stock price. The ex-dividend date, which is typically set two business days before the record date, will be a critical date for investors, as only the stockholders who own the stock before this date will be entitled to the declared dividend. In this case, investors would need to purchase the stock before March 19, 2024, to be eligible for the dividend payment. It is not uncommon to see a company's stock price adjust to reflect the payout on the ex-dividend date.
The impact of dividend announcements can extend beyond the immediate financial implications. It can serve as a signal to the market about the company's performance and expectations. In the case of Strawberry Fields REIT, which operates as a Real Estate Investment Trust (REIT), distributing dividends is also a requirement to comply with tax regulations and maintain its REIT status. REITs must pay out at least 90% of their taxable income in the form of dividends to shareholders. Therefore, the dividend payment aligns with both regulatory requirements and investment attractiveness.
Market analysts might also compare the dividend yield, which is the dividend per share divided by the price per share, with industry averages to assess the attractiveness of Strawberry Fields REIT's stock relative to its peers. A higher than average yield could attract income-focused investors, while a lower yield might suggest growth potential or a possible re-investment of earnings into the business. The consistency and growth of dividends over time are often seen as a positive trend that reflects a company's commitment to shareholder returns.
SOUTH BEND, IN / ACCESSWIRE / March 11, 2024 / Strawberry Fields REIT, Inc. (NYSE AMERICAN:STRW) ("Strawberry Fields" or the "Company") today announced that on March 8, 2024 its Board of Directors declared a cash dividend on its common stock in the amount of
About Strawberry Fields REIT, Inc.
Strawberry Fields REIT, Inc., is a self-administered real estate investment trust engaged in the ownership, acquisition, development and leasing of skilled nursing and certain other healthcare-related properties. The Company's portfolio includes 109 healthcare facilities with an aggregate of 12,449 bed, located throughout the states of Arkansas, Illinois, Indiana, Kentucky, Michigan, Ohio, Oklahoma, Tennessee and Texas. The 109 healthcare facilities comprise 99 skilled nursing facilities, eight assisted living facilities, and two long-term acute care hospitals.
Safe Harbor Statement
Certain statements in this press release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Those forward-looking statements include all statements that are not historical statements of fact and those regarding our intent, belief or expectations, including, but not limited to, statements regarding: future financing plans, business strategies, growth prospects and operating and financial performance; expectations regarding the making of distributions and the payment of dividends; and compliance with and changes in governmental regulations.
Words such as "anticipate(s)," "expect(s)," "intend(s)," "plan(s)," "believe(s)," "may," "will," "would," "could," "should," "seek(s)" and similar expressions, or the negative of these terms, are intended to identify such forward-looking statements. These statements are based on management's current expectations and beliefs and are subject to a number of risks and uncertainties that could lead to actual results differing materially from those projected, forecasted or expected. Although we believe that the assumptions underlying the forward-looking statements are reasonable, we can give no assurance that our expectations will be attained. Factors which could have a material adverse effect on our operations and future prospects or which could cause actual results to differ materially from our expectations include, but are not limited to: (i) the COVID-19 pandemic and the measures taken to prevent its spread and the related impact on our business or the businesses of our tenants; (ii) the ability and willingness of our tenants to meet and/or perform their obligations under the triple-net leases we have entered into with them, including, without limitation, their respective obligations to indemnify, defend and hold us harmless from and against various claims, litigation and liabilities; (iii) the ability of our tenants to comply with applicable laws, rules and regulations in the operation of the properties we lease to them; (iv) the ability and willingness of our tenants to renew their leases with us upon their expiration, and the ability to reposition our properties on the same or better terms in the event of nonrenewal or in the event we replace an existing tenant, as well as any obligations, including indemnification obligations, we may incur in connection with the replacement of an existing tenant; (v) the availability of and the ability to identify (a) tenants who meet our credit and operating standards, and (b) suitable acquisition opportunities, and the ability to acquire and lease the respective properties to such tenants on favorable terms; (vi) the ability to generate sufficient cash flows to service our outstanding indebtedness; (vii) access to debt and equity capital markets; (viii) fluctuating interest rates; (ix) the ability to retain our key management personnel; (x) the ability to maintain our status as a real estate investment trust ("REIT"); (xi) changes in the U.S. tax law and other state, federal or local laws, whether or not specific to REITs; (xii) other risks inherent in the real estate business, including potential liability relating to environmental matters and illiquidity of real estate investments; and (xiii) any additional factors included under "Risk Factors" in our Annual Report Form 10-K dated March 27, 2023, including in the section entitled "Risk Factors" in Item 1A of Part I of such report, as such risk factors may be amended, supplemented or superseded from time to time by other reports we file with the SEC.
Forward-looking statements speak only as of the date of this press release. Except in the normal course of our public disclosure obligations, we expressly disclaim any obligation to release publicly any updates or revisions to any forward-looking statements to reflect any change in our expectations or any change in events, conditions or circumstances on which any statement is based.
Contacts:
Investor Relations:
Strawberry Fields REIT, Inc.
IR@sfreit.com
+1 (773) 747-4100 x422
SOURCE: Strawberry Fields REIT, Inc.
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FAQ
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