Ventas (VTR) will raise its quarterly dividend by 1.9 percent to $0.79 per share in the first quarter of 2018. This follows a 6.2 percent dividend hike by the health care REIT last year.

The dividend is payable in cash on January 12, 2018 to stockholders of record on January 2, 2018. The new dividend yield for VTR is 4.9%.

“We are pleased to continue our long track record of dividend growth, which is an important component of our value proposition to shareholders,” said Debra A. Cafaro, Ventas Chairman and Chief Executive Officer.

Ventas, Inc. is a real estate investment trust. Its consists of seniors housing communities, medical office buildings, life science and innovation centers, inpatient rehabilitation and long-term acute care facilities, health systems and skilled nursing facilities in the United States, Canada and the United Kingdom. Through its Lillibridge subsidiary, Ventas provides management, leasing, marketing, facility development and advisory services to hospitals and health systems throughout the United States.