HCP Named to the S&P 500 Dividend Aristocrats Index
February 13 2012 - 9:00AM
Business Wire
HCP (NYSE:HCP) announced that it has been named to the S&P
500 Dividend Aristocrats index. This highly select index recognizes
members of the S&P 500 that have a market capitalization in
excess of $3 billion and have increased dividends every year for at
least 25 consecutive years. The index is comprised of 51 Dividend
Aristocrats representing a broad spectrum of industries. HCP is the
only REIT to achieve this designation.
“Our Board’s decision last month to once again raise the
dividend reflects our confidence in both the near and long-term
fundamentals of our business, as well as our commitment to
delivering attractive cash returns to our shareholders. We are very
proud of our 27-year history of consecutive dividend increases and
are pleased to be included among this prestigious group of
companies,” said Jay Flaherty, HCP’s Chairman and Chief Executive
Officer.
“The entire REIT industry congratulates HCP on its inclusion in
the S&P 500’s Dividend Aristocrats index,” said National
Association of Real Estate Investment Trusts President and CEO
Steven A. Wechsler. “Its accomplishment is a tribute to the quality
of the company’s management team over an extended period of time,
as well as a testament to the REIT approach to real estate
investment. Notably, the Dividend Aristocrats index highlights the
importance of both capital growth and dividend income over at least
25 years – qualities embedded in the REIT investment proposition.
Having just celebrated the 20th anniversary of the Modern REIT Era,
we look forward to seeing more and more REITs join this elite group
in the future.”
About HCP
HCP, Inc. (NYSE:HCP) is a fully integrated real estate
investment trust (REIT) that invests primarily in real estate
serving the healthcare industry in the United States. The Company’s
portfolio of assets is diversified among five distinct sectors:
senior housing, post-acute/skilled nursing, life science, medical
office and hospitals. A publicly traded company since 1985, HCP:
(i) was the first healthcare REIT selected to the S&P 500
index; (ii) has increased its dividend per share for 27 consecutive
years; and (iii) is the only REIT included in the S&P 500
Dividend Aristocrats index. For more information regarding HCP,
visit the Company’s website at www.hcpi.com.
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