HCP : Declares Increased Quarterly Cash Dividend on Common Stock; Declares Quarterly Cash Dividend on Series E and F Preferred Stock
01/27/2011| 04:15pm US/Eastern
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HCP (NYSE:HCP) reported that its Board of Directors declared an
increased quarterly common stock cash dividend of $0.48 per share,
compared with $0.465 per share in the previous quarter. The annualized
rate of distribution for 2011 is $1.92, compared with $1.86 for 2010,
which represents a 3.2% increase.
The dividend will be paid on February 23, 2011 to stockholders of record
as of the close of business on February 10, 2011. This represents the 26th
consecutive year that HCP has increased its dividend.
In addition, HCP reported that the Board of Directors declared cash
dividends of $0.45313 per share on its Series E cumulative redeemable
preferred stock and $0.44375 per share on its Series F cumulative
redeemable preferred stock. These dividends will be paid on March 31,
2011 to stockholders of record as of the close of business on March 15,
2011.
About HCP
HCP, Inc., an S&P 500 company, is a real estate investment trust (REIT)
that, together with its consolidated subsidiaries, invests primarily in
real estate serving the healthcare industry in the United States. As of
September 30, 2010, HCP's portfolio of investments, including properties
owned by its unconsolidated joint ventures, consisted of: (i) interests
in 670 properties among the following segments: 250 senior housing, 102
life science, 252 medical office, 45 skilled nursing and 21 hospital;
and (ii) $2.0 billion of mezzanine and other secured loans. For more
information, visit the Company's website at www.hcpi.com.
HCP
Thomas M. Herzog
Executive Vice President ? Chief
Financial Officer
562-733-5309
© Business Wire 2011
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