IRVINE, Calif., Jan. 28, 2016 /PRNewswire/ -- HCP (NYSE:HCP) announced that its Board of Directors declared an increased quarterly cash dividend of $0.575 per share on its common stock, compared with $0.565 per share in the previous quarter. This is the 31st consecutive year that HCP has increased its dividend per share.
The annualized rate of distribution per share for 2016 is $2.30, compared with $2.26 for 2015.
The quarterly cash dividend will be paid on February 23, 2016 to stockholders of record as of the close of business on February 8, 2016.
HCP, Inc. is a fully integrated real estate investment trust (REIT) that invests primarily in real estate serving the healthcare industry in the United States. HCP's portfolio of assets is diversified among five distinct sectors: senior housing, post-acute/skilled nursing, life science, medical office and hospital. A publicly traded company since 1985, HCP: (i) was the first healthcare REIT selected to the S&P 500 index; (ii) has increased its dividend per share for 31 consecutive years; (iii) is the only REIT included in the S&P 500 Dividend Aristocrats index; and (iv) is recognized as a global leader in sustainability as a member of the Dow Jones and FTSE4Good sustainability indices, as well as the recipient in three of the past four years of both of the GRESB Global Healthcare Sector Leader and the NAREIT Healthcare Leader in the Light Award. For more information regarding HCP, visit www.hcpi.com.
Timothy M. Schoen
Executive Vice President and Chief Financial Officer
SOURCE HCP, Inc.