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HEALTH EQUITY PROPERTIES' DIVIDEND INCREASED ONE-HALF CENT FOR 1992 THIRD QUARTER

 HEALTH EQUITY PROPERTIES' DIVIDEND INCREASED ONE-HALF CENT
 FOR 1992 THIRD QUARTER
 WINSTON-SALEM, N.C., Sept. 21 /PRNewswire/ -- Health Equity Properties Incorporated (NYSE: EQP) announced that the Company's board of directors has declared the 1992 third quarter dividend of $0.24 per common share, an increase of one-half cent over the 1992 second quarter dividend payment of $0.235 and the company's 8th consecutive one-half cent dividend rate increase. The Company has paid a distribution for 24 consecutive quarters since its inception in 1986. The payment will be made on Oct. 30, 1992 to shareholders of record Sept. 30, 1992.
 Based in Winston-Salem, N.C., Health Equity Properties owns 73 nursing homes in five states and two personal care facilities in North Carolina. The Company is managed by a nine member board of directors, five of whom are independent from the Company.
 -0- 9/21/92
 /CONTACT: William G. Benton or Deborah S. Kecseti of Health Equity Properties, 919-723-7580/
 (EQP) CO: Health Equity Properties Inc. ST: North Carolina IN: HEA SU: DIV


MM -- CH004 -- 1715 09/21/92 13:21 EDT
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Publication:PR Newswire
Date:Sep 21, 1992
Words:180
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