AdCare Health Systems (ADK) Declares $0.05 Quarterly Dividend; 4.7% Yield

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AdCare Health Systems (ADK) Updates on Strategic Transition; Announces Board Changes

March 31, 2015 4:11 PM EDT

AdCare Health Systems (NYSE: ADK) announced substantial progress in the company's strategic transition from an owner and operator of healthcare facilities to a healthcare property holding and leasing company, with 35 of the company's 40 properties leased or sub-leased. As a result of this progress, the Board of Directors declared a cash dividend on the common stock. The company also announced changes to the Board of Directors and a key addition to its senior management.

"Today marks a pivotal point in AdCare's history, as we have substantially completed the leasing portion of the... More