Diversified Healthcare Trust (NASDAQ: DHC) in a statement, announced that the company would pay a dividend on its common shares. In addition, the company will pay quarterly cash distribution on its common shares of $0.01 per share. Eligible stakeholders will be paid dividends as the business closes on July 26, 2021. However, the distribution will take place on or about August 19, 2021.
Service Properties Trust (NASDAQ: SVC) also announces payment of dividend
Service Properties Trust (NASDAQ: SVC), meanwhile, also announced that the company would pay a dividend. The company announced that its ordinary shareholders would be paid a regular cash distribution. Stakeholders will be paid a dividend of $0.01 per common share. According to the company, the cash distribution will be paid to stakeholders after the close of business hours on July 26, 2021. However, the distribution will happen on or about August 19, 2021.
About the two real estate firms
Diversified Healthcare Trust is a real estate investment trust (REIT). According to the company, the company has set its focus on owning high-quality healthcare properties throughout the U.S. As of March 31, 2021, the company owned 396 properties across 36 states in the U.S., including in Washington, D.C. More than 600 tenants occupy the area totaling over 11.2 million square feet. The property is a mix of both medical office and life science properties.
Meanwhile, is a Service Properties Trust is a real estate investment trust. The trust owns a mix of properties. The real estate trust owns a diverse portfolio of hotels, net lease service, and necessity-based retail properties. Service Properties Trust has a pan-U.S. presence besides having its footprint in Puerto Rico and Canada.