WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--
LTC Properties, Inc. (NYSE:LTC) announced today that it increased its monthly cash dividend on its common stock to $0.190 per share for the fourth quarter of 2016, approximately a 5.56% increase from the previous $0.18 per share.
The Company declared a monthly cash dividend of $0.190 per common share per month for the months of October, November and December 2016, payable on October 31, November 30 and December 30, 2016, respectively, to stockholders of record on October 21, November 22 and December 22, 2016, respectively.
About LTC Properties
LTC (NYSE: LTC) is a real estate investment trust that invests in seniors housing and health care properties primarily through sale-leaseback transactions, mortgage financing and structured finance solutions including mezzanine lending. The company’s portfolio currently includes more than 200 assisted living communities, memory care communities and post-acute/skilled nursing centers, located in 30 states with more than 30 regional and national operating partners. For more information, visit www.LTCreit.com.
This press release includes statements that are not purely historical and are “forward looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements regarding the Company’s expectations, beliefs, intentions or strategies regarding the future. All statements other than historical facts contained in this press release are forward looking statements. These forward looking statements involve a number of risks and uncertainties. All forward looking statements included in this press release are based on information available to the Company on the date hereof, and the Company assumes no obligation to update such forward looking statements. Although the Company’s management believes that the assumptions and expectations reflected in such forward looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. The actual results achieved by the Company may differ materially from any forward looking statements due to the risks and uncertainties of such statements.
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