Diversified Healthcare Trust (NASDAQ:DHCNL) to Issue Quarterly Dividend of $0.38

Diversified Healthcare Trust (NASDAQ:DHCNL) announced a quarterly dividend on Friday, January 1st. Shareholders of record on Sunday, February 15th will be given a dividend of 0.3819 per share on Sunday, March 1st. This represents a c) dividend on an annualized basis and a yield of 8.3%. The ex-dividend date is Friday, February 13th.

Diversified Healthcare Trust Price Performance

DHCNL traded down $0.04 during mid-day trading on Wednesday, reaching $18.47. 12,319 shares of the company traded hands, compared to its average volume of 11,568. The company’s fifty day moving average price is $18.16 and its 200-day moving average price is $17.98. Diversified Healthcare Trust has a 52-week low of $14.20 and a 52-week high of $19.51.

Diversified Healthcare Trust is a real estate investment trust (REIT) that acquires, owns and manages a diversified portfolio of net leased healthcare properties in the United States. Headquartered in Newton, Massachusetts, the company focuses on long-term, triple-net leases with creditworthy operators of senior housing, skilled nursing facilities, medical office buildings and life science properties. Its business model centers on generating stable rental income through passive, inflation-protected lease structures.

Since its formation in 2013, Diversified Healthcare Trust has grown its portfolio through targeted acquisitions and selective development partnerships, assembling assets across multiple states and care segments.