National Health Investors (NYSE:NHI) has announced an increase in its quarterly dividend. The company is to disburse $0.695 per share of its common stock on May 10 to shareholders of record as of March 29.
That represents an increase of 3.7% over the previous payout of $0.67, which was distributed in December. Prior to that, the firm had paid $0.65 per share. The company also handed out a special dividend of $0.22 in January.
The new disbursement annualizes to $2.78, yielding 4.3% on the current stock price of $64.22.
Fool contributor Eric Volkman has no position in National Health Investors. The Motley Fool has no position in National Health Investors. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.