CareTrust REIT raises quarterly dividend to 28c per share from 27.5c

CareTrustREIT announced that its Board of Directors has increased its quarterly common stock cash dividend from 27.5c to 28c per common share. The current dividend will be payable to common stockholders of record as of the close of business on March 31, 2023 and management affirmed that the company plans to pay the dividend on or about April 14, 2023. Dave Sedgwick, CareTrust’s Chief Executive Officer, commented that "This increase reflects our balanced approach to maintaining our pattern of steadily increasing the dividend while also retaining the least expensive form of capital for future investments."