Tuesday, October 9, 2012
Senior Housing Properties Increases Dividend
SNH increased its quarterly dividend to $.39 per share marking the 9th straight year of increases. This boost is only 2.63% which sounds low, but I'm actually pretty happy with it. Sources tell me inflation has been around 1.9% so far in 2012 meaning SNH is able to slightly increase my purchasing power. With a low yielding stock I would expect more, with a super high yielder I can't complain. High yield with inflation protection is what my hopes were with SNH, so far it has delivered. Of course there will likely be times in the future with higher inflation and SNH might not fare so well.