Is a Dividend Surge on the Horizon for LTC?

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LTC Properties, Inc. (NYSE: LTC) is set to go ex-dividend on June 20, 2024, for a dividend of $0.19 per share. The payment date is scheduled for June 28, 2024. Recent historical analysis indicates that LTC has experienced a capital gain increase ahead of dividends in 3 out of the last 4 instances.

Prior to the last dividend paid on May 22, 2024, LTC’s share price rose from $33.58 on May 7, 2024, to $35.10 on May 21, 2024, yielding a run gain of $1.52. Over the last four dividends, LTC recorded total capital gains of $2.99, surpassing the total dividend payments of $0.76 during the same period.

The anticipated annualized yield for LTC is 6.57%, reflecting ongoing investor interest in the stock’s performance leading up to dividend dates.

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