Dividends4Life: 8% Yield On Monthly Distributions

8% Yield On Monthly Distributions

Posted by D4L | Tuesday, April 21, 2020 | | 0 comments »

Looking for monthly income? This stock is down -37% in 2020. It now yields 8.6%, with a 74% FFO payout ratio. It pays monthly. LTC Properties (LTC) is a Healthcare REIT which pays $.19/month. Like most other equities, LTC has had a rough time of it in the latest market pullback, falling from the high $40s, down to the mid-$20s.

LTC invests in senior housing and healthcare properties primarily through sale leasebacks, mortgage financing, joint ventures and structured finance solutions including preferred equity and mezzanine lending. LTC holds more than 200 investments in 28 states with 30 operating partners. The portfolio is comprised of approximately 50% seniors housing and 50% skilled nursing properties.

Source: Seeking Alpha

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