Diversified Healthcare Trust Declares Quarterly Dividend of $0.01 (NASDAQ:DHC)

Key Points

• Diversified Healthcare Trust declared a quarterly dividend of $0.01 per share, with payment scheduled for November 13th to shareholders of record as of October 27th.
• The company is currently unable to cover its dividend with earnings, exhibiting a payout ratio of -5.9%, relying instead on its balance sheet for dividend payments.
• DHC stock has a market cap of $1.02 billion and reported a negative net margin of 18.83% in its recent earnings, indicating financial challenges.

Diversified Healthcare Trust (NASDAQ:DHC - Get Free Report) declared a quarterly dividend on Thursday, October 9th, RTT News reports. Shareholders of record on Monday, October 27th will be paid a dividend of 0.01 per share by the real estate investment trust on Thursday, November 13th. This represents a c) dividend on an annualized basis and a yield of 0.9%.

Diversified Healthcare Trust has a payout ratio of -5.9% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.

Diversified Healthcare Trust Stock Performance

Shares of DHC stock opened at $4.22 on Thursday. The stock has a market cap of $1.02 billion, a PE ratio of -3.56 and a beta of 2.65. The stock has a 50-day moving average of $3.97 and a 200-day moving average of $3.34. The company has a debt-to-equity ratio of 1.42, a current ratio of 6.35 and a quick ratio of 6.35. Diversified Healthcare Trust has a one year low of $2.00 and a one year high of $4.65.

Diversified Healthcare Trust (NASDAQ:DHC - Get Free Report) last issued its earnings results on Monday, August 4th. The real estate investment trust reported $0.08 EPS for the quarter, meeting the consensus estimate of $0.08. Diversified Healthcare Trust had a negative net margin of 18.83% and a negative return on equity of 14.69%. The firm had revenue of $382.71 million during the quarter, compared to the consensus estimate of $382.74 million.

About Diversified Healthcare Trust

Diversified Healthcare Trust is a real estate investment trust, which engages in the ownership of senior living communities, medical office buildings, and wellness centers. It operates through the following segments: Office Portfolio, Senior Housing Operating Portfolio (SHOP), and Non-Segment. The Office Portfolio segment consists of medical office properties leased to medical providers and other medical related businesses, as well as life science properties leased to biotech laboratories and other similar tenants.

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