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.
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