CareTrust REIT (CTRE) Declares $0.25 Quarterly Dividend; 5.2% Yield

CareTrust REIT (NASDAQ: CTRE) declared a quarterly dividend of $0.25 per share, or $1 annualized.

The dividend will be payable on July 15, 2020, to stockholders of record on June 30, 2020, with an ex-dividend date of June 29, 2020.

The annual yield on the dividend is 5.2 percent.

“This equates to a payout ratio of approximately 71% on 2020 first quarter’s Funds Available for Distribution,” said Greg Stapley, CareTrust’s Chairman and Chief Executive Officer. “Further, with contractual cash rents collected coming in at 99.5% for June and 99.5% for the second quarter, our recently-increased dividend remains safe and sound,” he added.

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

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