LTC Properties, Inc. Announces Monthly Dividend of $0.19 (NYSE:LTC)

LTC Properties, Inc. (NYSE:LTC) announced a monthly dividend on Monday, July 1st, Zacks reports. Shareholders of record on Tuesday, July 23rd will be given a dividend of 0.19 per share by the real estate investment trust on Wednesday, July 31st. This represents a $2.28 dividend on an annualized basis and a yield of 6.61%. The ex-dividend date is Tuesday, July 23rd.

LTC Properties has a dividend payout ratio of 121.3% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect LTC Properties to earn $2.70 per share next year, which means the company should continue to be able to cover its $2.28 annual dividend with an expected future payout ratio of 84.4%.

LTC Properties Stock Up 0.1 %

LTC Properties stock opened at $34.48 on Wednesday. LTC Properties has a 1-year low of $30.30 and a 1-year high of $35.72. The company has a debt-to-equity ratio of 0.94, a current ratio of 15.86 and a quick ratio of 15.86. The stock has a market cap of $1.50 billion, a PE ratio of 17.96 and a beta of 0.89. The stock’s fifty day moving average is $33.92 and its two-hundred day moving average is $32.65.

About LTC Properties

LTC is a real estate investment trust (REIT) investing in seniors housing and health care properties primarily through sale-leasebacks, mortgage financing, joint-ventures and structured finance solutions including preferred equity and mezzanine lending. LTC's investment portfolio includes 201 properties in 26 states with 29 operating partners.