Ventas Boost Q4 Dividend 8%

(RTTNews) - Ventas, Inc. (VTR) said Monday that its Board of Directors increased the company's fourth quarter 2013 dividend by 8% to $0.725 per share.

The dividend is payable in cash on December 31 to stockholders of record on December 16. Including the fourth quarter dividend, the company's 2013 per share dividend of $2.735 represents a 10.3% increase over its 2012 dividend. For the past 10 years, the compound annual growth rate in the company's dividend has been 10%.

Ventas previously announced guidance for its 2013 normalized funds from operations) in a range from $4.12 to $4.14 per share. The company said Monday that its guidance is subject to certain qualifications and assumptions, and there can be no assurance that the company will achieve those results.