Wednesday, August 8, 2012

LTC Properties Increases Dividend

LTC Properties (LTC) declared a 6.90% increase to its monthly dividend to $.155 per share.  This is the second increase in 2012 which has surpassed all my expectations.  It's difficult to imagine a REIT could maintain a double digit DGR, but who knows I never thought LTC would reach these heights in the first place.  With a high yield on cost stock like LTC, I'm okay with low dividend growth or freezes going forward.

I sold part of my LTC position last month, which kind of stings a little bit with the latest increase.  If I wanted to I could buy the shares back at a cheaper price right now.  I still don't want it to be my largest holding, but I do like LTC's management and future prospects. 

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