Health Care REIT Inc.
) announced a dividend of 76.5 cents per share for fourth quarter
2012. This represents a hike of 3.4% from 74 cents paid in the
prior quarter. The increased dividend will be paid on Feb 20,
2013 to stockholders of record on Feb 5.
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Health Care REIT has established an impressive track record of
conservative capital management and cash returns to shareholders
in the form of steady dividend and has declared 167 consecutive
quarterly dividends during its 42-year history. With strong
quarterly results, the company is well poised to maintain its
growth curves and simultaneously benefit the shareholders with
steadily rising dividends.
Notably, a number of REIT firms have increased their dividend
payouts in recent months. This includes
Vornado Realty Trust
), which hiked its quarterly dividend by 5.8% to 73 cents and
) that raised its quarterly dividend by about 12.5% to 13.5 cents
this month. Moreover, in December, lodging REIT,
RLJ Lodging Trust
), increased its quarterly dividend by 24.2% to 20.5 cents per
Solid dividend payouts are arguably the biggest attraction for
REIT investors as the U.S. law requires these companies to
distribute 90% of their annual taxable income in the form of
dividends to the shareholders.
Health Care REIT is a leading healthcare REIT with a strong
portfolio of senior housing facilities, long-term care
facilities, and medical office buildings across the U.S. The
company reported healthy third quarter 2012 results, with
recurring FFO of 91 cents per share that exceeded the Zacks
Consensus Estimate by 2 cents.
Health Care REIT currently carries a Zacks Rank #3 (Hold) and
considering its fundamentals, we have a long-term Neutral
recommendation on the stock.