HCP Declares Increased Quarterly Cash Dividend on Common Stock; Declares Quarterly Cash Dividend on Series E and F Preferred Stock
LONG BEACH, Calif.--(BUSINESS WIRE)-- HCP (NYSE:HCP) reported that its Board of Directors declared an increased quarterly common stock cash dividend of $0.50 per share, compared with $0.48 per share in the previous quarter. The annualized rate of distribution for 2012 is $2.00, compared with $1.92 for 2011, which represents a 4.2% increase.
The common stock cash dividend will be paid on February 22, 2012 to stockholders of record as of the close of business on February 6, 2012.
In addition, HCP reported that the Board of Directors declared cash dividends of $0.45313 per share on its Series E cumulative redeemable preferred stock and $0.44375 per share on its Series F cumulative redeemable preferred stock. These dividends will be paid on March 30, 2012 to stockholders of record as of the close of business on March 15, 2012.
HCP, Inc. (HCP), an S&P 500 company, is a real estate investment trust (REIT) that invests primarily in real estate serving the healthcare industry in the United States. HCP has been a publicly traded NYSE listed company since 1985. HCPs portfolio of properties is distributed among distinct sectors of the healthcare industry, including senior housing, post-acute/skilled nursing, life science, medical office and hospital. For more information, visit HCPs website at www.hcpi.com.
Timothy M. Schoen
Executive Vice President and Chief Financial Officer
Source: HCP, Inc.Copyright Business Wire 2012