CareTrust REIT (CTRE) will raise its quarterly dividend by 9.8 percent to $0.225 per share in 2019. This follows a 10.8 percent dividend hike by the health care REIT last year.

The next dividend is payable to shareholders of record at the close of business on March 29, 2019, and is payable on or about April 15, 2019. A new annual rate of 90 cents yields 3.9% at a stock price of $23.22.

CareTrust REIT (CTRE) will raise its quarterly dividend by 11.1 percent to $0.25 per share in 2020. This follows a 9.8 percent dividend hike by the health care REIT last year and marks 6 consecutive years of annual dividend increases.

The next dividend is payable to common stockholders of record as of the close of business on March 31, 2020.  A new annual rate of $1.00 per share yields 6.9% at a stock price of $14.45.

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.