How Safe Is LTC Properties and Its Dividend?
LTC Properties (NYSE: LTC) owns senior housing assets, with the LTC in its name standing for long-term care. That's been a terrible sector of the real estate market to be active in thanks to the coronavirus pandemic. As a result, LTC Properties' dividend is looking pretty shaky these days. But management seems to remain pretty confident despite the headwinds.
Here's what's going on.
While predicting that a global pandemic would one day happen wasn't hard (after all, it's happened before), it would have been impossible to predict 2020 would be the year. And it would have been equally difficult to predict beforehand that the illness would be most deadly to older adults. That it would spread most easily in group settings was probably a given in any scenario.
Source Fool.com
