AdCare Board Declares a Quarterly Cash Dividend of $0.06 per Share of Common Stock
September 30, 2015
ATLANTA, AdCare Health Systems, Inc. (NYSE MKT: ADK) (NYSE MKT: ADK.PRA), a self-managed healthcare real estate investment company that invests primarily in real estate purposed for senior living and long-term healthcare, today announced that its Board of Directors has declared an increased cash dividend on the Company’s common stock.
On September 29, 2015, the Board of Directors declared a cash dividend of $0.06 per share of common stock, payable on October 31, 2015 to shareholders of record as of October 15, 2015. This quarterly dividend, if annualized, represents an annual dividend of$0.24 per share, and an increase of 9.1% compared with the dividend declared on June 30, 2015 and paid on July 31, 2015. Based on the closing share price on September 29, 2015, a $0.06 per share quarterly dividend, if annualized, represents an annual dividend yield of 7.3%.
As previously disclosed, based on the company’s projected current and accumulated negative earnings and profits (E&P) tax position, the company expects cash dividends paid to common stockholders for 2015 (and until such time that the company may have positive current or accumulated E&P) should be treated as a return of capital to stockholders to the extent available for federal income tax purposes.
About AdCare Health Systems
AdCare Health Systems, Inc. (NYSE MKT: ADK) (NYSE MKT: ADK.PRA) is a self-managed healthcare real estate investment company that invests primarily in real estate purposed for senior living and long-term healthcare through facility lease and sub-lease transactions. The Company currently owns, leases or manages for third parties 39 facilities. For more information about AdCare, visit www.adcarehealth.com.
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