CareTrust REIT, Inc. (Nasdaq:CTRE) today announced that its Board of Directors declared a special dividend to stockholders in connection with its previously announced intention to qualify as a real estate investment trust or “REIT” in 2014 following its separation from The Ensign Group, Inc. (Nasdaq:ENSG) on June 1, 2014.
The special dividend of approximately $132.0 million, or approximately $5.88 per share, will be paid on December 10, 2014, to stockholders of record on October 31, 2014 in a combination of cash and shares of CareTrust common stock. The amount of cash distributed will be approximately $33.0 million, with the remainder distributed in shares.
Source: Filing
