Strawberry Fields REIT, Inc. Announces Cash Dividend for the Fourth Quarter of 2023, Payable on December 29, 2023; Provides Dividend Guidance for the Year 2024
November 14, 2023 at 09:00 am EST
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Strawberry Fields REIT, Inc. announced that on November 9, 2023 its board of directors has declared a cash dividend on its common stock in the amount of $0.12 per share for the fourth quarter of 2023. The dividend will be payable in cash on December 29, 2023, to stockholders of record as of the close of business on December 15, 2023.
For 2024, the company currently expects that it will continue to be able to make quarterly cash dividends in the range of $0.12 to $0.16 per share. This guidance is based on the company's current plans and assumptions and subject to risks and uncertainties and the company's reports filed with the Securities and exchange commission.
Strawberry Fields REIT, Inc. is a self-administered real estate investment trust. The Company is engaged in the ownership, acquisition, development and leasing of skilled nursing and certain other healthcare-related properties. The Companyâs portfolio includes 107 healthcare facilities with an aggregate of 12,203 beds, located throughout the states of Arkansas, Illinois, Indiana, Kentucky, Michigan, Ohio, Oklahoma, Tennessee, and Texas. The Companyâs 107 healthcare facilities comprise 97 skilled nursing facilities, eight assisted living facilities, and two long-term acute care hospitals. The Company's portfolio includes Infinity Healthcare of Illinois, BRIA Health Services, Infinity Healthcare of Indiana, Green Park Healthcare Management, Infinity Healthcare of Tennessee, The Blossoms at Arkansas, The Landmark Group and more.
Strawberry Fields REIT, Inc. Announces Cash Dividend for the Fourth Quarter of 2023, Payable on December 29, 2023; Provides Dividend Guidance for the Year 2024