CareTrust REIT Raises Quarterly Dividend to $0.275 per Share
CareTrust REIT (CTRE) has announced an increase in its quarterly cash dividend from $0.265 to $0.275 per common share.
Sentiment and the balance of points
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Rhea-AI Summary
CareTrust REIT (CTRE) has announced an increase in its quarterly cash dividend from $0.265 to $0.275 per common share. The dividend will be payable on or about April 15, 2022 to stockholders of record as of the close of business on March 31, 2022. CEO David Sedgwick emphasized the importance of balancing capital retention with steady dividend increases while maintaining a conservative payout ratio.
Positive
- Increased quarterly dividend from $0.265 to $0.275 per share.
- Demonstrates a commitment to returning value to shareholders.
Negative
- None.
Details
News Market Reaction – CTRE
The recorded move for CTRE in the trading session of this news was +2.56%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
SAN CLEMENTE, Calif., March 15, 2022 (GLOBE NEWSWIRE) -- CareTrust REIT, Inc. (NASDAQ:CTRE) announced today that its Board of Directors has increased its quarterly common stock cash dividend from
“We are pleased to once again continue our pattern of increasing the dividend,” said David Sedgwick, CareTrust’s Chief Executive Officer. Mr. Sedgwick noted that the increased dividend “strikes a balance of retaining the company’s least expensive source of capital for future deployment with continuing to steadily increase the dividend, while maintaining a conservative payout ratio.”
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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