LTC Properties Posts 1st-Quarter Dividend

The board of directors for LTC Properties in Oxnard has declared a first-quarter dividend of 36 1/2 cents per share on its common stock.

The dividend will be paid March 31 to shareholders of record as of the close of business March 18.

The company is a real estate investment trust that invests in long-term care and other health-care facilities through mortgage loans, facility lease transactions and other investments.