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CareTrust REIT Raises Quarterly Dividend to $0.29 per Share
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
dividends
Rhea-AI Summary
CareTrust REIT, Inc. (CTRE) raises its quarterly common stock cash dividend from $0.28 to $0.29 per share. The dividend will be payable to common stockholders on March 28, 2024. Management confirms the dividend payment.
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SAN CLEMENTE, Calif.--(BUSINESS WIRE)--
CareTrust REIT, Inc. (NYSE:CTRE) announced today that its Board of Directors has increased its quarterly common stock cash dividend from $0.28 to $0.29 per common share. The current dividend will be payable to common stockholders of record as of the close of business on March 28, 2024 and management affirmed that the company plans to pay the dividend on or about April 15, 2024.
Dave Sedgwick, CareTrust’s Chief Executive Officer, commented that “We continue our balanced approach to maintaining our pattern of annually increasing our dividend while also retaining our least expensive form of capital for future investments.”
About CareTrust™
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.
caretrust reit, inc. is a publicly-traded real estate investment company engaged in the acquisition, ownership and leasing of seniors housing and healthcare-related properties. with 100 net-leased healthcare properties and three operated seniors housing properties in ten states, caretrust is acquiring and financing additional properties nationwide which will be operated by a diverse group of outstanding local, regional and national seniors housing operators, healthcare services providers, and other healthcare-related businesses. in 2014 caretrust was spun out of the ensign group, one of the country's premier post-acute care and seniors housing providers. founded in 1999 by a small group of leaders dedicated to changing the post-acute care industry "one facility at a time," ensign has written an impressive growth story during a period of change, headwinds, and uncertainty. caretrust carries this excellence-focused, operator-centric mentality in its dna, and seeks now to partner with ot
