Dividend Rise at Health Care REIT - Analyst Blog
January 25 2013 - 11:30AM
Zacks
Health Care REIT Inc. (HCN) announced a
dividend of 76.5 cents per share for fourth quarter 2012. This
represents a hike of 3.4% from 74 cents paid in the prior quarter.
The increased dividend will be paid on Feb 20, 2013 to stockholders
of record on Feb 5.
Health Care REIT has established an impressive track record of
conservative capital management and cash returns to shareholders in
the form of steady dividend and has declared 167 consecutive
quarterly dividends during its 42-year history. With strong
quarterly results, the company is well poised to maintain its
growth curves and simultaneously benefit the shareholders with
steadily rising dividends.
Notably, a number of REIT firms have increased their dividend
payouts in recent months. This includes Vornado Realty
Trust (VNO), which hiked its quarterly dividend by 5.8% to
73 cents and DDR Corp. (DDR) that raised its
quarterly dividend by about 12.5% to 13.5 cents this month.
Moreover, in December, lodging REIT, RLJ Lodging
Trust (RLJ), increased its quarterly dividend by 24.2% to
20.5 cents per share.
Solid dividend payouts are arguably the biggest attraction for REIT
investors as the U.S. law requires these companies to distribute
90% of their annual taxable income in the form of dividends to the
shareholders.
Health Care REIT is a leading healthcare REIT with a strong
portfolio of senior housing facilities, long-term care facilities,
and medical office buildings across the U.S. The company reported
healthy third quarter 2012 results, with recurring FFO of 91 cents
per share that exceeded the Zacks Consensus Estimate by 2
cents.
Health Care REIT currently carries a Zacks Rank #3 (Hold) and
considering its fundamentals, we have a long-term Neutral
recommendation on the stock.
DDR CORP (DDR): Free Stock Analysis Report
HEALTH CR REIT (HCN): Free Stock Analysis Report
RLJ LODGING TR (RLJ): Free Stock Analysis Report
VORNADO RLTY TR (VNO): Free Stock Analysis Report
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