EPR Properties As of May 18, 2022 ticker dps (an.) 2022 hike 2021 hike 2020 hike
EPR $3.30 10.0% 0.0% -100.0%
Business yield Hike yrs 5 yr CAGR freq. paid since
Education & Recreational REIT 6.5% 1 -4.2% Monthly 2021
EPR Properties reinstates dividend

EPR Properties (EPR) will reinstate its monthly dividend. The REIT suspended its monthly dividend in 2020 because of COVID-19, ending 10 consecutive years of increases. 

EPR Properties today announced that it is resuming payment of a monthly cash dividend of $0.25 per common share to its common shareholders, following its decision to terminate the covenant relief period early under certain of its credit facilities. In addition, the Company is providing key business updates on property openings and cash collection levels for the second quarter ended June 30, 2021.

The next dividend is payable on August 16, 2021 to shareholders of record on July 30, 2021. The dividend yield is 5.6% at a stock price of $49.65 for EPR.

“We are pleased that we continue to show meaningful progress in our property openings and cash collections, which allowed us to be in compliance with our pre-waiver debt covenants for the second quarter,” stated Greg Silvers, President and CEO of EPR Properties. “This performance and positive outlook gave us the confidence to terminate the covenant relief period early under certain of our credit facilities. Exiting this relief period marks an important step in EPR’s ongoing recovery, and allows us to resume certain investment activity and payment of dividends. As a result, we are resuming the payment of our monthly cash dividend to common shareholders, and are doing so at a prudent level which should allow us to grow the dividends over time alongside earnings growth.”

EPR Properties is a specialty real estate investment trust (REIT) that invests in entertainment, education and recreation properties. EPR has investments in megaplex theatres, entertainment retail centers, family entertainment centers, public charter schools, early education centers, K-12 private schools, ski areas, waterparks, golf entertainment complexes and other recreational real estate. EPR Properties had paid a dividend every year since 1997 before the 2020 dividend suspension.

Dividend Calendar

Look at the complete list of upcoming events
Ex-date Ticker Yield YTD hike
May 25 XYL 1.5% 7.1%
May 25 AMAT 0.9% 8.3%
May 25 DFS 1.9% 0.0%
May 26 FTV 0.5% 0.0%
May 26 IP 3.8% 0.0%
May 26 HII 2.3% 0.0%
May 26 HLT 0.5% 0.0%
May 26 MAS 2.1% 19.1%
May 26 SPGI 1.0% 10.4%
May 26 FBHS 1.7% 0.0%