EX-Dividend Schedule: LTC Properties Has a Dividend Yield of 5.84%; Will Trade Ex-Dividend on May 22, 2018

LONDON, UK / ACCESSWIRE / May 21, 2018 / Active-Investors has a free review on LTC Properties, Inc. (NYSE: LTC) following the Company's announcement that it will begin trading ex-dividend on May 22, 2018. In order to capture the dividend payout, investors must purchase the stock a day prior to the ex-dividend date that is by latest at the end of the trading session on May 21, 2018. Active-Investors has initiated due-diligence on this dividend stock. Register with us for more free research including the one on LTC:

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Dividend Declared

On April 02, 2018, LTC Properties declared a monthly cash dividend of $0.19 per common share for the month of May 2018, payable on May 31, 2018, to stockholders of record on May 23, 2018, respectively.

LTC Properties' indicated dividend represents a yield of 5.84%, which is substantially higher than the average dividend yield of 3.17% for the financial sector. The Company has raised dividend for six consecutive years.

Dividend Insights

LTC Properties has a dividend payout ratio of 75.5%, which indicates that the Company distributes approximately $0.76 for every $1.00 earned. The dividend payout ratio reflects how much amount a company is returning to shareholders versus how much money it is keeping on hand to reinvest in growth, to pay off debt, and/or to add to its cash reserves.

According to analysts' estimates, LTC Properties is forecasted to report earnings of $2.16 for the upcoming year compared to the Company's annualized dividend of $2.28. One of the primary reasons for the difference between earnings and annualized dividend is that LTC Properties is a Real Estate Investment Trust (REIT) which is structured by law to distribute at least 90% of earnings. Moreover, since REITs generate income from owning portfolios of investment real estate, they are likely to have higher depreciation charges.

Since depreciation is a non-cash charge, it does not directly impact the ability of dividend the companies can distribute. For this reason, Fund from Operations (FFO) is calculated by adding depreciation and amortization (D&A) to earnings and subtracting any gains on sales which then provides a better picture of any company's profitability and capacity to pay and to sustain dividends. For instance, LTC Properties' net income available to common stockholders was $20.3 million, or $0.51 per diluted share, for the first quarter 2018 compared to $21.4 million, or $0.54 per diluted share, for the first quarter 2017. On the other hand, the Company's FFO was $29.7 million, or $0.75 per diluted share, for the first quarter 2018 compared to $30.8 million, or $0.78, for the comparable 2017 period. The FFO number indicates that the Company should be able to comfortably cover its dividend payout.

Recent Development for LTC Properties

On May 01, 2018, LTC Properties announced it has sold a portfolio of six assisted living and memory care communities for $67.5 million. Known as the Sunrise Portfolio, the six communities, five assisted living, and one memory care, span 320 units and five locations in Ohio and Pennsylvania. As a result of the transaction, LTC Properties expects to recognize a net gain on sale of approximately $48.0 million in Q2 2018. Rental revenue under this lease for the four months ended April 30, 2018, is approximately $1.5 million.

About LTC Properties, Inc.

LTC is a REIT that invests in seniors housing and health care properties primarily through sale-leaseback transactions, mortgage financing and structured finance solutions including mezzanine lending. The Company's portfolio currently includes more than 200 assisted living communities, memory care communities and post-acute/skilled nursing centers, located in 29 states with 30 regional and national operating partners.

Stock Performance Snapshot

May 18, 2018 - At Friday's closing bell, LTC Properties' stock marginally declined 0.13%, ending the trading session at $39.01.

Volume traded for the day: 295.15 thousand shares.

Stock performance in the last month – up 7.50%; and previous three-month period – up 2.17%

After last Friday's close, LTC Properties' market cap was at $1.55 billion.

Price to Earnings (P/E) ratio was at 17.98.

The stock has a dividend yield of 5.84%.

The stock is part of the Financial sector, categorized under the REIT - Healthcare Facilities industry.

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