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Wednesday, Oct 4, 2023

LTC Properties Declares Dividend

Real estate investment trust LTC Properties Inc. announced it will pay shareholders a monthly dividend of about 16 cents for April, May and June. The Westlake Village company, which owns and manages long-term care and other health care properties, will pay the dividends on April 22, May 23 and June 20. The amount is the same the company has paid monthly since July. At the end of the fourth quarter, LTC had investments in 89 skilled nursing properties, 102 assisted living properties, 14 other senior housing properties and two schools. Shares of LTC closed up 4 cents, or less than 1 percent, to $40.77 on the New York Stock Exchange.

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