At the end of today, January 12, 2024, CareTrust REIT CTRE will distribute a dividend payout of $0.28 per share, translating to an annualized dividend yield of 4.99%. Shareholders who held the stock before the ex-dividend date on December 28, 2023 will benefit from this payout.
CareTrust REIT Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2023-12-28 | 4 | $0.28 | 4.99% | 2023-12-18 | 2023-12-29 | 2024-01-12 |
| 2023-09-28 | 4 | $0.28 | 5.54% | 2023-09-15 | 2023-09-29 | 2023-10-13 |
| 2023-06-29 | 4 | $0.28 | 5.65% | 2023-06-20 | 2023-06-30 | 2023-07-14 |
| 2023-03-30 | 4 | $0.28 | 6.01% | 2023-03-20 | 2023-03-31 | 2023-04-14 |
| 2022-12-29 | 4 | $0.28 | 5.59% | 2022-12-16 | 2022-12-30 | 2023-01-13 |
| 2022-09-29 | 4 | $0.28 | 5.43% | 2022-09-15 | 2022-09-30 | 2022-10-14 |
| 2022-06-29 | 4 | $0.28 | 6.42% | 2022-06-17 | 2022-06-30 | 2022-07-15 |
| 2022-03-30 | 4 | $0.28 | 6.26% | 2022-03-15 | 2022-03-31 | 2022-04-15 |
| 2021-12-30 | 4 | $0.27 | 4.97% | 2021-12-15 | 2021-12-31 | 2022-01-15 |
| 2021-09-29 | 4 | $0.27 | 4.86% | 2021-09-15 | 2021-09-30 | 2021-10-15 |
| 2021-06-29 | 4 | $0.27 | 4.49% | 2021-06-16 | 2021-06-30 | 2021-07-15 |
| 2021-03-30 | 4 | $0.27 | 4.44% | 2021-03-15 | 2021-03-31 | 2021-04-15 |
When comparing CareTrust REIT's dividend yield against its industry peers, the company sits comfortably in the middle, with its peer Medical Properties Trust MPW having the highest annualized dividend yield at 24.93%.
Analyzing CareTrust REIT Financial Health
Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing.
YoY Growth in Dividend Per Share
The company demonstrated a positive dividend growth pattern from 2020 to 2023, with the dividend per share rising from $1.00 to $1.12. This signifies the company's commitment to consistently increasing shareholder dividends.
YoY Earnings Growth For CareTrust REIT
The earnings chart illustrates an increase in CareTrust REIT's earnings per share, from $1.36 in 2020 to $1.43 in 2023. This positive earnings growth provides income-seeking investors with optimism, as it suggests potential for higher cash dividend payouts in the future.
Recap
In this article, we delve into CareTrust REIT's recent dividend payout and examine how it impacts shareholders. The company has announced a dividend distribution of $0.28 per share today, resulting in an annualized dividend yield of 4.99%.
When comparing CareTrust REIT's dividend yield against its industry peers, the company sits comfortably in the middle, with its peer Medical Properties Trust having the highest annualized dividend yield at 24.93%.
With an increase in dividend per share and earnings per share from 2020 to 2023, CareTrust REIT demonstrates a healthy financial status and is likely to maintain their dividend distribution to investors.
Investors are encouraged to closely track the company's performance in the upcoming quarters to stay informed of any updates in financials or dividend disbursements.
[Track real-time stock fluctuations for CareTrust REIT on Benzinga.](https://www.benzinga.com/quote/CareTrust REIT (NYSE: CTRE))
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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