National Health Investors Raises Dividend, 2013 Guidance
National Health Investors has boosted its forecasts for full-year 2013, and the immediate result is a lift in the REIT's quarterly dividend. The company announced it will distribute a Q2 payout of $0.735 per common share on Aug. 9 to shareholders of record as of June 28. This amount represents a 6% increase over the previous disbursement of $0.695, which was handed out in March.
NHI also released its revised guidance for full-year 2013 funds from operations, a key metric for REITs. The company projects FFO of $3.42-$3.50 per diluted share on a normalized basis for the year. It previously anticipated taking in $3.30-$3.38.
The new dividend annualizes to $2.94 per share. That yields 4.5% at NHI's current stock price of $65.21.
The article National Health Investors Raises Dividend, 2013 Guidance originally appeared on Fool.com.Fool contributor Eric Volkman has no position in National Health Investors. Nor does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools don't 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.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.