Senior Housing Properties Trust Keeps Dividend Steady
Senior Housing Properties Trust is maintaining its recent dividend policy. The firm announced that it will distribute $0.39 per share of its common stock on or about May 21 to shareholders of record as of April 17. That amount matches the company's previous two disbursements, the most recent of which was handed out in mid-January. Prior to that, Senior Housing paid $0.38 per share.
In recent times, Senior Housing Properties Trust has tended to increase its dividend on an annual basis, albeit incrementally. Since 2000, each raise has been by $0.01 per share.
The current dividend annualizes to $1.56 per share, which yields 5.8% on the company's most recent closing stock price of $26.77.
The article Senior Housing Properties Trust Keeps Dividend Steady originally appeared on Fool.com.Fool contributor Eric Volkman has no position in Senior Housing Properties Trust, and neither does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.