CareTrust REIT Raises Quarterly Dividend by 16.4%

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CareTrust REIT, Inc. (NYSE:CTRE) announced a 16.4% increase in its quarterly dividend, raising it from $0.34 per share to $0.39 per share. The dividend will be payable on April 15, 2026 to shareholders of record as of March 31, 2026. This marks the third consecutive year the company has increased its dividend.

Why it matters

The dividend increase reflects CareTrust REIT's strong financial performance and confidence in its ability to continue generating stable and predictable rental income from its portfolio of healthcare real estate properties. As a real estate investment trust (REIT), CareTrust is required to distribute the majority of its taxable income to shareholders in the form of dividends.

The details

CareTrust REIT owns and manages a portfolio of skilled nursing, assisted living, memory care, and other healthcare facilities across the United States. The company has grown its dividend by an average of 0.1% per year over the last three years. The current dividend payout ratio of 87.6% indicates the dividend is well-covered by the company's earnings, though future declines in earnings could impact the sustainability of the dividend.

• The quarterly dividend of $0.39 per share will be paid on April 15, 2026.
• The ex-dividend date is March 31, 2026.
• Shareholders of record as of March 31, 2026 will receive the dividend.