LTC Properties Inc (NYSE:LTC) declared a monthly dividend on Thursday, January 3rd, Wall Street Journal reports. Stockholders of record on Thursday, March 21st will be given a dividend of 0.19 per share by the real estate investment trust on Friday, March 29th. This represents a $2.28 annualized dividend and a dividend yield of 5.05%. The ex-dividend date is Wednesday, March 20th.
LTC Properties has increased its dividend payment by an average of 3.3% annually over the last three years. LTC Properties has a dividend payout ratio of 75.7% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities research analysts expect LTC Properties to earn $3.13 per share next year, which means the company should continue to be able to cover its $2.28 annual dividend with an expected future payout ratio of 72.8%.
NYSE:LTC opened at $45.12 on Friday. LTC Properties has a 1 year low of $34.46 and a 1 year high of $48.13. The firm has a market capitalization of $1.79 billion, a PE ratio of 14.83, a price-to-earnings-growth ratio of 3.66 and a beta of 0.49. The company has a quick ratio of 9.97, a current ratio of 9.97 and a debt-to-equity ratio of 0.77.
TRADEMARK VIOLATION NOTICE: This report was first posted by WKRB News and is owned by of WKRB News. If you are reading this report on another site, it was stolen and republished in violation of US & international trademark & copyright law. The original version of this report can be accessed at https://www.wkrb13.com/2019/03/15/ltc-properties-inc-ltc-to-issue-monthly-dividend-of-0-19-on-march-29th.html.
About LTC Properties
LTC is a self-administered real estate investment trust that primarily invests in seniors housing and health care properties primarily through sale-leaseback transactions, mortgage financing and structured finance solutions including mezzanine lending. At September 30, 2018, LTC had 199 investments located in 28 states, comprising 103 assisted living communities, 95 skilled nursing centers and 1 behavioral health care hospital.
Recommended Story: What is Put Option Volume?
Receive News & Ratings for LTC Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LTC Properties and related companies with MarketBeat.com's FREE daily email newsletter.