Search
 

National Health Investors Pays Off Debt Early

MURFREESBORO, TN-Liens totaling $215 million of the company's mortgages receivable have been released. The REIT is also paying yearly and quarterly dividends.

By Mark Clothier | Updated on December 13, 2001

MURFREESBORO, TN-National Health Investors will pay a fourth quarter preferred stock dividend of 53.13 cents per share to shareholders of record on Dec. 31. The dividend will be paid to preferred stockholders of record on Dec. 21.

National Health Investors has paid off its debt and will pay an annual dividend for 2001 of 45 cents per common share to shareholders of record as of Dec. 28. The dividend is payable Jan.28, the company says in a prepared statement.

The dividend means the company was able to repay its debt ahead of schedule. As a result, 5% of the company’s assets are pledged as collateral on debt.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.