Ltc Properties dividend – LTC Properties Announces 0.19 Cash Dividend Declaration.
March 27, 2023
Dividends Yield
On February 1, 2023, LTC Properties Inc. announced a 0.19 cash dividend declaration. This is the fourth consecutive annual dividend issued by the company, with the last three years seeing an annual dividend per share of 2.28 USD. This dividend declaration comes hand in hand with attractive dividend yields of 6.27%, 6.02%, and 6.22% from 2020 to 2022 respectively. With an average dividend yield of 6.17%, this makes it a great option for those interested in dividend stocks.
The ex-dividend date for this dividend is February 16, 2023. With strong returns on investment and an attractive dividend yield, LTC PROPERTIES ($NYSE:LTC) may be an ideal choice of investment for those looking to grow their portfolio.
Stock Price
This news comes on the heels of a successful day on the stock market, where their shares opened at $38.1 and closed at $38.3, representing an increase of 0.5% from the previous closing price of $38.2. The company has a long history of delivering value to their shareholders through dividends and capital appreciation. This dividend declaration is yet another example of LTC PROPERTIES commitment to delivering value to their long-term shareholders. It also demonstrates their ability to successfully navigate through the current economic climate and maintain their strong financial position. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Ltc Properties. More…
| Total Revenues | Net Income | Net Margin |
| 175.15 | 99.44 | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Ltc Properties. More…
| Operations | Investing | Financing |
| 105.59 | -119.95 | 19.58 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Ltc Properties. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.66k | 805.8 | 20.08 |
Key Ratios Snapshot
Some of the financial key ratios for Ltc Properties are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| – | – | 55.3% |
| FCF Margin | ROE | ROA |
| – | – | – |
Analysis
At GoodWhale, we have conducted an analysis of LTC PROPERTIES‘s wellbeing and have determined that the company is strong in asset and profitability. According to our Star Chart, LTC PROPERTIES falls into the medium category for dividend and weak in growth. GoodWhale’s health score for LTC PROPERTIES is 7/10 with regards to its cashflows and debt. This means that the company is capable of paying off its debt and funding future operations. We have concluded that LTC PROPERTIES is a ‘cow’, a type of company with a track record of paying out consistent and sustainable dividends. Given that LTC PROPERTIES is classified as a ‘cow’, investors who are looking for a steady income stream would likely be interested in this type of company. Those who are interested in capital growth may want to look elsewhere, as the company has been weak in that area. More…
Peers
The healthcare industry is highly competitive, with LTC Properties Inc competing against Omega Healthcare Investors Inc, Sabra Health Care REIT Inc, and Healthcare Realty Trust Inc. All four companies are striving to provide the best care possible to their patients while also maintaining profitability. While each company has its own strengths and weaknesses, LTC Properties Inc has been able to stay ahead of its competitors by continually innovating and expanding its services.
– Omega Healthcare Investors Inc ($NYSE:OHI)
Omega Healthcare Investors Inc is a real estate investment trust that specializes in investing in skilled nursing and assisted living facilities. As of December 31, 2020, the company owned 1,533 properties in 42 states and the United Kingdom. The company has a market cap of $7.46 billion as of April 2021.
– Sabra Health Care REIT Inc ($NASDAQ:SBRA)
Sabra Health Care REIT Inc is a real estate investment trust focused on the healthcare sector. The company’s portfolio includes skilled nursing facilities, assisted living facilities, memory care facilities, and other healthcare-related properties. As of December 31, 2020, Sabra Health Care REIT owned and operated 377 healthcare properties across the United States and Canada.
Sabra Health Care REIT’s market cap is 3.1B as of 2022. The company’s focus on the healthcare sector and its portfolio of healthcare-related properties makes it a valuable investment for those interested in the healthcare industry.
– Healthcare Realty Trust Inc ($NYSE:HR)
Healthcare Realty Trust Inc. is a real estate investment trust that focuses on owning, managing and developing healthcare-related properties. The company’s portfolio includes hospitals, medical office buildings, outpatient facilities and senior housing. As of December 31, 2020, Healthcare Realty Trust owned or had interests in 260 healthcare properties totaling approximately 23.6 million square feet of space.
Summary
Investing in LTC Properties can be an attractive option for income-seeking investors. Over the past three years, the company has consistently paid an annual dividend of 2.28 USD per share. Furthermore, the company has a well-established dividend paying history of over 10 years, indicating its commitment to returning value to shareholders.
LTC Properties also has a low payout ratio and a strong balance sheet, which suggests that its dividend is sustainable in the long-term. Hence, investors looking for a reliable source of income should consider investing in LTC Properties.
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