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LTC Properties Increases Its Monthly Dividend

Westlake Village-based LTC Properties Inc. has increased its monthly cash dividend on its common stock by roughly 3.6 percent for the current quarter, the company said Tuesday. The cash dividend increased to $0.145 per common share per month for the first quarter of 2012 up from $0.14 per month during the fourth quarter of 2011, the health care focused real estate investment trust said in a news release. The monthly dividend is payable on January 31, February 29 and March 30. Stockholders must hold shares as of January 23, February 21 and March 22 to qualify for the respective month’s dividend, according to the news release. During the first nine months of 2011, LTC’s profit stood at $36.8 million, up 9 percent from the same period during the previous year. LTC’s stock closed at $31.17 per share, up one percent for the day.

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