Diversified Healthcare Trust (NASDAQ:DHCNL) Announces Quarterly Dividend of $0.39

Diversified Healthcare Trust (NASDAQ:DHCNL) declared a quarterly dividend on Tuesday, October 27th. Shareholders of record on Sunday, November 15th will be given a dividend of $0.3906 per share on Tuesday, December 1st. This represents a $1.56 annualized dividend and a yield of 8.0%. The ex-dividend date of this dividend is Friday, November 13th.

Diversified Healthcare Trust Trading Up 4.8%

Shares of NASDAQ:DHCNL traded up $0.89 during midday trading on Wednesday, reaching $19.47. 211 shares of the company were exchanged, compared to its average volume of 25,418. The stock has a fifty day simple moving average of $18.44 and a two-hundred day simple moving average of $18.52. Diversified Healthcare Trust has a fifty-two week low of $17.00 and a fifty-two week high of $19.95.

Diversified Healthcare Trust (NASDAQ:DHCNL) is a real estate investment trust that owns and manages healthcare-related properties in the United States. Its portfolio includes life science and medical office buildings, as well as senior living communities and other healthcare-oriented properties.

The company leases space to healthcare providers, medical organizations, life science companies and senior living operators. Its properties are located across multiple U.S. markets and are intended to support a range of healthcare delivery, research and senior care activities.

Founded in 1999 as Senior Housing Properties Trust, the company adopted the Diversified Healthcare Trust name in 2019 as its portfolio expanded beyond senior housing.