Diversified Healthcare Trust Announces Liquidity Measures to Address COVID-19 Impact
Diversified Healthcare Trust - Common Shares of Beneficial Interest (DHC)
Company Research
Source: Business Wire
Reduces Quarterly Common Share Dividend Per Share to $0.01 to Preserve CapitalDeferring Planned Capital ProjectsSufficient Liquidity to Fund Operations for a Sustained Period NEWTON, Mass.--(BUSINESS WIRE)--Diversified Healthcare Trust (Nasdaq: DHC) today announced that, in response to the operating challenges and uncertainty surrounding the COVID-19 (coronavirus) pandemic and market disruptions, DHC’s Board of Trustees has decided to reduce the Company’s regular quarterly cash dividend on its common shares for the first quarter to $0.01 per share, conserving approximately $33.3 million of cash per calendar quarter. The dividend will be paid to DHC’s common shareholders on record as of the close of business on April 13, 2020 and distributed on or about May 21, 2020. The Company’s Board of Trustees believes the dividend reduction is the most prudent course of action as it continues to monitor the Company’s financial performance and expects to reevaluate the level of any subsequent r
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DHC
Earnings
- 2/26/24 - Miss
DHC
Sec Filings
- 3/26/24 - Form DEFA14A
- 3/26/24 - Form DEF
- 3/26/24 - Form ARS
- DHC's page on the SEC website