UPDATE: National Health Investors (NHI) Lowers Quarterly Dividend 18.4% to $0.90; 5.3% Yield

National Health Investors (NYSE: NHI) declared a quarterly dividend of $0.90 per share, or $3.6 annualized. This is an 18.4% decrease from the prior dividend of $1.1025.

The dividend will be payable on August 6, 2021, to stockholders of record on June 30, 2021, with an ex-dividend date of June 29, 2021.

The annual yield on the dividend is 5.3 percent.

"The NHI Board of Directors is committed to preserving a prudent and conservative capital structure that ensures the Company has sufficient flexibility to manage through the impact of the pandemic and as a result declared a second quarter dividend of $0.90 per share. We believe this action puts NHI in a better position to significantly improve the quality of our real estate portfolio through lease restructurings, asset sales, and accretive acquisitions while still being committed to a sustainable dividend to our shareholders," said Eric Mendelsohn, President and CEO.

Mr. Mendelsohn concluded, "We have said that we are motivated to use the pandemic to transform NHI into a stronger company. Today's action is another indication that the transformation is underway. We expect that right-sizing our dividend provides sufficient capacity to assist our operators through the business recovery while maintaining our balance sheet strength and ultimately return to growth."

For a dividend history and other dividend-related data on National Health Investors (NHI) click here.

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