CareTrust REIT (CTRE) will raise its quarterly dividend by 10.8 percent to $0.205 per share in 2018. The new dividend yield for CTRE is 5.3% and this marks the fourth consecutive year of dividend increases by the company.

CareTrust REIT, Inc. is a real estate investment trust engaged in the ownership, acquisition and leasing of seniors housing and healthcare-related properties.  The company's real estate portfolio included skilled nursing facilities (SNFs), SNF Campuses, assisted living facilities and independent living facilities. The company's beds and units leased to The Ensign Group and are located in Arizona, California, Colorado, Idaho, Iowa, Nebraska, Nevada, Texas, Utah and Washington; the remaining leased properties are located in California, Colorado, Florida, Georgia, Idaho, Indiana, Iowa, Maryland, Michigan, Minnesota, North Carolina, Texas, Virginia, Washington and Wisconsin. CareTrust REIT became a public company in May 2014 and a dividend has been paid since the fourth quarter of 2014.