Community Healthcare Trust Inc (CHCT) Increases Dividend to $0.41 Per Share
Community Healthcare Trust Inc (NYSE:CHCT) announced a quarterly dividend on Thursday, November 1st, NASDAQ reports. Investors of record on Friday, November 16th will be given a dividend of 0.405 per share by the real estate investment trust on Friday, November 30th. This represents a $1.62 annualized dividend and a dividend yield of 5.41%. The ex-dividend date of this dividend is Thursday, November 15th. This is an increase from Community Healthcare Trust’s previous quarterly dividend of $0.40.
Community Healthcare Trust has a payout ratio of 97.6% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities research analysts expect Community Healthcare Trust to earn $1.95 per share next year, which means the company should continue to be able to cover its $1.62 annual dividend with an expected future payout ratio of 83.1%.
Community Healthcare Trust stock opened at $29.96 on Friday. Community Healthcare Trust has a 52 week low of $22.41 and a 52 week high of $32.81. The stock has a market capitalization of $551.38 million, a P/E ratio of 21.25 and a beta of 0.79.
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About Community Healthcare Trust
Community Healthcare Trust Incorporated is a real estate investment trust that focuses on owning income-producing real estate properties associated primarily with the delivery of outpatient healthcare services in non-urban markets throughout the United States. The Company had investments of approximately $416.8 million in 91 real estate properties as of June 30, 2018, located in 27 states, totaling approximately 2.1 million square feet.
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