Care Capital Properties (CCP) Declares $0.57 Quarterly Dividend; 7.3% Yield
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Care Capital Properties Declares Full Third Quarter Dividend of $0.57 Per Share
September 2, 2015 6:17 PM EDTCHICAGO--(BUSINESS WIRE)-- Care Capital Properties, Inc. (NYSE: CCP) (CCP) announced today that its Board of Directors has declared a full third quarter dividend of $0.57 per share, payable in cash on September 30, 2015 to stockholders of record on September 14, 2015. CCP intends to elect and qualify to be taxed as a real estate investment trust for U.S. federal income tax purposes.
CCP is pleased to announce its first dividend payment since the spin-off from Ventas on August 17th, CCP Chief Executive Officer Raymond J. Lewis said. We believe that the dividend is an important component of... More
Care Capital Properties Acquires Nine Property Portfolio with Existing Customer Senior Care Centers
September 1, 2015 7:01 PM EDTTotal Transaction Valued at $210 Million
CHICAGO--(BUSINESS WIRE)-- Care Capital Properties, Inc. (NYSE: CCP) (CCP) today announced that it has completed the acquisition of eight skilled nursing facilities and one assisted living facility in Shreveport, Louisiana and simultaneously entered into a long-term triple-net lease with Texas-based operator Senior Care Centers, LLC (SCC) to operate the acquired portfolio. SCC concurrently acquired the operations, which also included a rehabilitative therapy company, four hospice agencies and an interest in an affiliated pharmacy provider. CCP purchased the assets for approximately $190 million and made a $20 million... More
