Monday, December 9, 2013
Dividend Increase: VTR
Ventas (VTR) is increasing its quarterly dividend by 8.2%, from $0.67 to $0.725 per share (news release). The dividend increase is effective with the December payment and represents the second increase in 2013 (there was an 8.1% increase back in February). Given that I own 40 shares of VTR, my quarterly dividend increases from $26.80 to $29.00 and my yield on cost becomes 5.17%. The extra $8.80 in annual dividend income raises my forward 12-month dividend total to $3,861.