CareTrust REIT Increases Dividend by 16.4%

The real estate investment trust will pay shareholders $0.39 per share, up from $0.34 previously.

Mar. 13, 2026 at 9:33pm

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CareTrust REIT, Inc. (NYSE:CTRE) announced a 16.4% increase to its quarterly dividend, raising it from $0.34 per share to $0.39 per share. The dividend will be paid on April 15th to shareholders of record as of March 31st. This represents an annualized dividend yield of 3.9% based on the company's current stock price.

Why it matters

The dividend increase demonstrates CareTrust REIT's strong financial performance and commitment to returning value to shareholders. As a real estate investment trust (REIT) focused on healthcare properties, the company's ability to raise its payout signals confidence in the stability and growth of its portfolio.

The details

CareTrust REIT has raised its dividend payment by an average of 0.1% annually over the last three years and has increased its dividend every year for the last 3 years. The company's payout ratio of 87.6% indicates the dividend is currently covered by earnings, though that could change if the company's profits decline.

  • The dividend will be paid on Wednesday, April 15, 2026.
  • The ex-dividend date is Tuesday, March 31, 2026.

The players

CareTrust REIT, Inc.

A real estate investment trust based in Deerfield Beach, Florida that specializes in owning and managing net-leased healthcare properties, including skilled nursing, assisted living, memory care, and specialty hospital facilities.

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The takeaway

CareTrust REIT's dividend increase reflects the company's strong financial position and commitment to rewarding shareholders, even as the healthcare real estate sector faces ongoing challenges from the COVID-19 pandemic. The payout hike underscores the stability of CareTrust's portfolio and its ability to generate reliable income for investors.