CareTrust REIT, Inc. Announces Quarterly Dividend, Payable on or About January 12, 2024
December 18, 2023 at 04:05 pm EST
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CareTrust REIT, Inc. announced that its Board of Directors has declared a quarterly common stock cash dividend of $0.28 per common share. The current dividend will be payable to common stockholders of record as of the close of business on December 29, 2023. The company intends to pay the dividend on or about January 12, 2024.
CareTrust REIT, Inc. is a self-administered, real estate investment trust (REIT). The Company is engaged in the ownership, acquisition, development and leasing of skilled nursing, seniors housing and other healthcare-related properties. The Company owns, directly or through joint ventures, and leased to independent operators, 232 skilled nursing facilities (SNFs), multi-service campuses, assisted living facilities (ALFs) and independent living facilities (ILFs) consisting of approximately 25,128 operational beds and units located in 28 states with the highest concentration of properties by rental income located in California and Texas. It leases healthcare-related properties to healthcare operators in triple-net lease arrangements. The Company extends secured mortgage loans to healthcare operators, secured by healthcare-related properties and secured mezzanine loans to healthcare operators, secured by membership interests in healthcare-related properties.