Unleashing Growth Potential: CareTrust REIT Surpasses Expectations with Strong Performance and Increasing Profits
Portfolio Pulse from Benzinga Insights
CareTrust REIT (NYSE:CTRE) is set to deliver a dividend payout of $0.28 per share, equating to an annualized dividend yield of 5.65%. The company has shown a positive dividend growth pattern from 2019 to 2022, with the dividend per share rising from $0.90 to $1.10. Additionally, CareTrust REIT has experienced an increase in their earnings from $1.34 per share to $1.50 per share from 2019 to 2022.
July 14, 2023 | 3:05 pm
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CareTrust REIT's dividend payout and earnings growth from 2019 to 2022 indicate a healthy financial status, which is likely to positively impact the company's stock in the short term.
The company's consistent increase in dividend per share and earnings per share from 2019 to 2022 demonstrates a strong financial performance, which is likely to attract more investors and drive the stock price up in the short term.
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