CareTrust REIT's last quarterly dividend was on Mar 27, 2024 (ex-date) with a distribution of $0.29 per share. On an annualized basis, the company has a current payout of $1.13 per share. This brings the dividend yield to 4.75% based on its recent close price. The latest dividend marks an increase of $0.01, or 3.6% from the previous dividend.
CTRE has a dividend yield of 4.75% which is below the Real Estate sector, the industry and its peers average. Compared to its Real Estate sector average of 6.37%, CareTrust REIT's dividend yield is 25% lower. Historically CTRE's dividend yield has averaged at 5.1% in the last 5 years, which is above the current yield.
CareTrust REIT has been paying dividends since 2014. CTRE has issued four quarterly dividends in the last twelve months. The annualized DPS marks an increase of 2.3% since one year ago. But with the stock price up by 25% from a year ago, the dividend yield marks a decrease of 18%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| Mar 27, 2024 | Apr 15, 2024 | Mar 18, 2024 | $0.29 | normal |
| Dec 28, 2023 | Jan 12, 2024 | Dec 18, 2023 | $0.28 | normal |
| Sep 28, 2023 | Oct 13, 2023 | Sep 15, 2023 | $0.28 | normal |
| Jun 29, 2023 | Jul 14, 2023 | Jun 20, 2023 | $0.28 | normal |
| Mar 30, 2023 | Apr 14, 2023 | Mar 20, 2023 | $0.28 | normal |
| Dec 29, 2022 | Jan 13, 2023 | Dec 16, 2022 | $0.275 | normal |
| Sep 29, 2022 | Oct 14, 2022 | Sep 15, 2022 | $0.275 | normal |
| Jun 29, 2022 | Jul 15, 2022 | Jun 17, 2022 | $0.275 | normal |
| Mar 30, 2022 | Apr 15, 2022 | Mar 15, 2022 | $0.275 | normal |
| Dec 30, 2021 | Jan 15, 2022 | Dec 15, 2021 | $0.265 | normal |
| Sep 29, 2021 | Oct 15, 2021 | Sep 15, 2021 | $0.265 | normal |
| Jun 29, 2021 | Jul 15, 2021 | Jun 16, 2021 | $0.265 | normal |
| Mar 30, 2021 | Apr 15, 2021 | Mar 15, 2021 | $0.265 | normal |
| Dec 30, 2020 | Jan 15, 2021 | Dec 17, 2020 | $0.25 | normal |
| Sep 29, 2020 | Oct 15, 2020 | Sep 15, 2020 | $0.25 | normal |
| Jun 29, 2020 | Jul 15, 2020 | Jun 16, 2020 | $0.25 | normal |
| Mar 30, 2020 | Apr 15, 2020 | Mar 12, 2020 | $0.25 | normal |
| Dec 30, 2019 | Jan 15, 2020 | Dec 16, 2019 | $0.225 | normal |
| Sep 27, 2019 | Oct 15, 2019 | Sep 20, 2019 | $0.225 | normal |
| Jun 27, 2019 | Jul 15, 2019 | Jun 18, 2019 | $0.225 | normal |
| Mar 28, 2019 | Apr 15, 2019 | Mar 19, 2019 | $0.225 | normal |
| Dec 28, 2018 | Jan 15, 2019 | Dec 17, 2018 | $0.205 | normal |
| Sep 27, 2018 | Oct 15, 2018 | Sep 19, 2018 | $0.205 | normal |
| Jun 28, 2018 | Jul 13, 2018 | Jun 18, 2018 | $0.205 | normal |
| Mar 28, 2018 | Apr 13, 2018 | Mar 16, 2018 | $0.205 | normal |
| Dec 28, 2017 | Jan 16, 2018 | Dec 18, 2017 | $0.185 | normal |
| Sep 28, 2017 | Oct 13, 2017 | Sep 15, 2017 | $0.185 | normal |
| Jun 28, 2017 | Jul 14, 2017 | Jun 12, 2017 | $0.185 | normal |
| Mar 29, 2017 | Apr 14, 2017 | Mar 15, 2017 | $0.185 | normal |
| Dec 28, 2016 | Jan 13, 2017 | Dec 15, 2016 | $0.17 | normal |
| Sep 28, 2016 | Oct 14, 2016 | Sep 9, 2016 | $0.17 | normal |
| Jun 28, 2016 | Jul 15, 2016 | Jun 20, 2016 | $0.17 | normal |
| Mar 29, 2016 | Apr 15, 2016 | Mar 16, 2016 | $0.17 | normal |
CTRE has a payout ratio of 226% which is higher than the Real Estate sector average but lower than the industry average. In comparison with the Real Estate sector average of 138.1%, CareTrust REIT's payout ratio is 64% higher.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| GOOD Gladstone Commercial Corp | 9.06% | $1.2 | N/A |
| OLP One Liberty Properties Inc | 7.96% | $1.8 | 130.4% |
| GTY Getty Realty Corp | 6.51% | $1.76 | 151.7% |
| CTRE CareTrust REIT Inc | 4.72% | $1.13 | 226% |
| AVB Avalonbay Communities Inc | 3.48% | $6.65 | 101.4% |
Yes, CareTrust REIT has been paying dividends for the last ten years.
CTRE hasn't announced its next dividend date yet, however if we take into account its recent dividend frequency, it is likely that its next dividend will be in June 2024.
CareTrust REIT's last regular dividend was on Mar 27, 2024 (ex-date) with the amount of $0.29 per share.
On an annual basis CTRE pays $1.13 per share.
The current dividend yield of CareTrust REIT is 4.75%.
CareTrust REIT pays dividends quarterly.
CareTrust REIT's dividend payout ratio is 226%.
CareTrust REIT's dividend yield is below the Real Estate sector average.