Welltower (HCN) has regularly rewarded its shareholders with quarterly dividends and share buybacks.
On June 30, 2017, Welltower announced a quarterly cash dividend of $0.87. The dividend is scheduled to be paid on August 21, 2017. The dividend is higher than $0.86 paid in the same month a year ago.
The dividend for August 21, 2017, represents the 185th consecutive quarterly dividend payment. Welltower hiked its dividend in January 2016 by 4.2% to $0.86 from $0.825.
The company’s dividend yield was 4.85% and 5.14% in 2015 and 2016, respectively. It expects to maintain a dividend yield of 4.75% in 2017, 4.85% in 2018, and 5.12% in 2019.
FFO payout ratio
The FFO (funds from operations) payout ratio, or the amount of FFO that a company gives out to shareholders as dividends, is an important measure of a shareholder’s return for a stock.
HCN’s FFO payout ratio was 82.1% in 2Q17. Its expected payout ratios for 3Q17, 4Q17, 1Q18, and 2Q18 are 82.1%, 82.1%, 80.1%, and 79.1%, respectively.