CareTrust REIT Announces Quarterly Dividend of $0.25 per Share
CareTrust REIT (NASDAQ:CTRE) declared a quarterly cash dividend of $0.25 per common share, equating to a 71% payout ratio based on 2020 Q1 Funds Available for Distribution.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
CareTrust REIT (NASDAQ:CTRE) declared a quarterly cash dividend of $0.25 per common share, equating to a 71% payout ratio based on 2020 Q1 Funds Available for Distribution. CEO Greg Stapley noted a strong cash rent collection rate of 99.5% for June and the second quarter, indicating the security of the increased dividend. The dividend will be paid on July 15, 2020 to stockholders of record by June 30, 2020.
Positive
- Quarterly cash dividend of $0.25 declared for shareholders.
- Payout ratio at a solid 71% based on Q1 Funds Available for Distribution.
- Strong cash rent collection at 99.5% for June and Q2, enhancing dividend security.
Negative
- None.
Details
News Market Reaction – CTRE
The recorded move for CTRE in the trading session of this news was +1.57%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
SAN CLEMENTE, Calif., June 16, 2020 (GLOBE NEWSWIRE) -- CareTrust REIT, Inc. (NASDAQ:CTRE) announced today that its Board of Directors has declared a quarterly common stock cash dividend of
“This equates to a payout ratio of approximately
The quarterly dividend will be paid on July 15, 2020, to common stockholders of record as of the close of business on June 30, 2020.
About CareTrust REIT™
CareTrust REIT, Inc. is a self-administered, publicly-traded real estate investment trust engaged in the ownership, acquisition, development and leasing of skilled nursing, seniors housing and other healthcare-related properties. With a nationwide portfolio of long-term net-leased properties, and a growing portfolio of quality operators leasing them, CareTrust REIT is pursuing both external and organic growth opportunities across the United States. More information about CareTrust REIT is available at www.caretrustreit.com.
Contact:
CareTrust REIT, Inc.
(949) 542-3130
ir@caretrustreit.com
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