Oxnard Firm Reports Dividend Increase

LTC Properties in Oxnard has declared an increase in quarterly cash dividend to 34 cents per share.

This is an increase over the 31.5 cents per share paid in the previous quarter. The dividend will be paid July 15 to stockholders of record on June 30.

With the increase, the annualized rate of distribution will be $1.36 per share, an 8% rise over the annualized rate of $1.26 per share paid during the previous three quarters.

The company invests in health care facilities through mortgage loans, facility lease transactions and other investments.