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Healthcare Trust Of America Declares Quarterly Cash Dividend Of $0.295 A Share

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Healthcare Trust of America, Inc. (NYSE: HTA) revealed its board has declared quarterly cash dividend of $0.295 a share. On an annualized basis, it worked out to $1.18 a share. According to the company, the dividend provided an annualized yield of 4.2 percent based on the stock closing price of April 22.

Healthcare Trust of America said the dividend would be payable on July 8 to all its stockholders. For that purpose, the company has Fixed July 1 as the record date for determining the names of the eligible shareholders to get the dividend.

The company indicated the amount of dividends was determined by its board of directors, at its discretion, and is dependent on a number of factors, including funds available for the payment of distributions. HTA's financial condition, capital expenditure requirements and annual distribution requirements required to maintain HTA's status as a real estate investment trust under the Internal Revenue Code. HTA said that there was every chance that the board may reduce its dividend rate and that it could not guarantee the amount of dividends paid in the future.

On Monday, the stock traded higher by 0.74 percent.

Posted-In: News Dividends

 

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