Community Healthcare reduces its quarterly payout to $0.33, lowering the forward yield to 7.45% amid a 31.2% decline.
Community Healthcare Trust (CHCT) announced a quarterly dividend of $0.33 per share, a 31.2% decrease from the prior $0.48 payout. The reduction lowers the stock’s forward yield to 7.45%.
The previous dividend of $0.48 was paid in May, marking the first cut in the company’s payout history. Analysts had not widely anticipated the move, as CHCT had maintained or grown dividends steadily in prior quarters.
The dividend is payable on August 31 to shareholders of record as of August 19, with an ex-dividend date set for August 19.