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EX-Dividend Schedule: LTC Properties Has a Dividend Yield of 5.63%; Will Trade Ex-Dividend on January 22, 2018

LONDON, UK / ACCESSWIRE / January 19, 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 January 22, 2017. In order to capture the dividend payout, investors must purchase the stock a day prior to the ex-dividend date (excluding weekend) that is by latest at the end of the trading session on January 19, 2017. 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 January 02, 2018, LTC Properties declared a monthly cash dividend of $0.19 per common share per month for the month of January 2018, payable on January 31, 2018, to stockholders of record on January 23, 2018.

LTC Properties' indicated dividend represents a yield of 5.63%, which is substantially above the average dividend yield of 4.26% for the financial sector. The Company has raised dividend for six consecutive years.

Dividend Insights

LTC Properties has a dividend payout ratio of 74.0%, which means that the Company distributes approximately $0.74 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 $2.18 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 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 $20.5 million, or $0.52 per diluted share, for Q3 2017, compared to $22.3 million, or $0.57 per diluted share, for Q3 2016. On the other hand, the Company's FFO increased to $30.1 million for Q3 2017, up from $29.7 million for Q3 2016 period. LTC Properties' FFO per diluted common share was $0.76 for the quarters ended September 30, 2017 and 2016. The FFO number indicates that the Company should be able to comfortably cover its dividend payout.

Recent Development for LTC Properties

On January 03, 2018, LTC Properties announced that it has entered into a real estate joint venture relationship with affiliates of Tealwood Senior Living and developer Tukka Properties to acquire a land parcel and develop Hamilton House, a $23 million, 110-unit independent living, assisted living and memory care campus in Cedarburg, Wisconsin.

The Company stated that the construction is slated to start prior to 2018, with a planned opening date of spring 2019. Upon completion, the community will be operated by an affiliate of Tealwood Senior Living under a triple-net lease with the joint venture. This deal marks a new relationship between Tealwood and LTC, and is LTC Properties' first joint venture using this model.

Stock Performance Snapshot

January 18, 2018 - At Thursday's closing bell, LTC Properties' stock declined 1.26%, ending the trading session at $40.69.

Volume traded for the day: 185.59 thousand shares.

After yesterday's close, LTC Properties' market cap was at $1.62 billion.

Price to Earnings (P/E) ratio was at 18.32.

The stock has a dividend yield of 5.60%.

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

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