Nationwide Health Properties (NHP) Announces Prorated Dividend
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Nationwide Health Properties, Inc. (NYSE: NHP) authorized a prorated dividend on NHP's common stock in connection with the completion of its pending merger with Ventas, Inc.
The dividend will be payable in cash to stockholders of record at the close of business on the last business day prior to the anticipated effective date of the merger. The dividend will be in the amount of $0.48 per share, multiplied by the number of days elapsed since NHP's last dividend record date (May 20, 2011) through and including the day immediately prior to the anticipated effective date of the merger, divided by the actual number of days in the calendar quarter in which such dividend is authorized (91).
The closing of the merger is expected to occur on or after July 1, 2011.
The dividend will be payable in cash to stockholders of record at the close of business on the last business day prior to the anticipated effective date of the merger. The dividend will be in the amount of $0.48 per share, multiplied by the number of days elapsed since NHP's last dividend record date (May 20, 2011) through and including the day immediately prior to the anticipated effective date of the merger, divided by the actual number of days in the calendar quarter in which such dividend is authorized (91).
The closing of the merger is expected to occur on or after July 1, 2011.
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