LONG BEACH, Calif.--(BUSINESS WIRE)--Feb. 13, 2012--
(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.”
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.
Source: HCP, Inc.
Timothy M. Schoen
Executive Vice President and Chief