Oversold Healthcare High Dividend Stock Pays Monthly And Goes Ex-Dividend Soon

Looking for steady monthly dividend income? Like the stock in last week's article, this week's focus stock is primarily a landlord REIT in the Healthcare industry, and is also listed in the Healthcare section of our High Dividend Stocks By Sector Tables. PROFILE: LTC Properties, Inc. (LTC) is a self-administered REIT that invests primarily in the long-term care sector of the healthcare industry through the origination of first mortgage loans and acquisition of properties that are leased to numerous long-term care providers.

LTC enjoys good diversification in its operator-lessees and it has primarily long-term leases - only 12% of its leases expire before 2017. Its initial leases are generally 10-15 years, and the weighted average remaining lease term is eight years. Its properties are spread throughout the US, with around 50% being located in Texas, Michigan, Ohio and Florida. Dividends: LTC increased its monthly dividend by 9.7%, to $.17, from $.155 in October 2013. Since Q1 2003, LTC has grown its annual dividend from $0.65, up to $1.905 in 2013. The company has already announced the payouts and dates for its next 3 dividends.

Source: Seeking Alpha

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