LTC Properties increases dividend to 19 cents per share

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LTC Properties increases dividend to 19 cents per share

By Staff Report / Monday, October 3rd, 2016 / Comments Off on LTC Properties increases dividend to 19 cents per share

Westlake Village-based LTC Properties increased its monthly dividend on its common stock to 19 cents per share for the fourth quarter, the company announced on Oct. 3.

The dividend was a 5.6 percent increase from the 18-cent dividend in the previous quarter. It is payable on Oct. 31, Nov. 30 and Dec. 30 to stockholders on record on Oct. 21, Nov. 22 and Dec. 22, respectively.

LTC invests primarily in senior housing and long-term care properties through acquisitions, development, mortgage loans and other investments.

• Contact Alex Kacik at akacik@pacbiztimes.com.