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HCPI Board Declares Another Dividend Increase

NEWPORT BEACH, CA-The equity REIT, which invests in healthcare-related facilities, increased its cash dividend to holders of both common and preferred stock.

By Joel Cone | Updated on April 24, 2001

NEWPORT BEACH, CA-The board of directors of Health Care Property Investors Inc. has raised the equity REIT’s cash dividend paid on common stock for the 62nd consecutive quarter, with a $0.01 increase for the first quarter of 2001 to $0.77.

“This dividend represents a 5.5% increase over the corresponding dividend one year ago, and continues the company’s record of consecutive quarterly dividend increases,” says Kenneth B. Roath, chairman/CEO of HCPI.The cash dividend will be paid on May 18, 2001 to shareholders of record as of the close of business on May 3, 2001. Because of this latest increase in dividends, the REIT’s annualized rate of distribution also increased to $3.08 per share, from $2.92 per share a year ago.

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