Ventas (VTR) will raise its quarterly dividend by 0.3 percent to $0.7925 per share in the first quarter of 2019. This will mark the third consecutive year of dividend increases by the REIT.

The increased dividend is payable in cash on January 14, 2019 to stockholders of record on January 2, 2019. A new annualized dividend rate of $3.17 per share yields 4.9% at a stock price of $64.85.

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.