CareTrust REIT (CTRE) Raises Quarterly Dividend 10.8% to $0.205; 5.9% Yield

CareTrust REIT (NASDAQ: CTRE) declared a quarterly dividend of $0.205 per share, or $0.82 annualized. This is a 10.8% increase from the prior dividend of $0.185.

The dividend will be payable on April 13, 2018, to stockholders of record on March 30, 2018, with an ex-dividend date of March 28, 2018.

The annual yield on the dividend is 5.9 percent.

“We are pleased to be returning additional value to shareholders with another solid dividend increase this year,” said Greg Stapley, CareTrust’s Chairman and Chief Executive Officer. Mr. Stapley noted that although the dividend increased substantially, its growth is consistent with the company’s growth pattern. “At this level, our historical payout ratio in the low-60% range remains intact, leaving us capital for additional expansion while representing one of the best-covered dividends in our space,” he added.

For a dividend history and other dividend-related data on CareTrust REIT (CTRE) click here.

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