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NATIONWIDE HEALTH PROPERTIES DECLARES INCREASED DIVIDEND AND AN INCREASE IN ITS DIVIDEND GROWTH

 NATIONWIDE HEALTH PROPERTIES DECLARES INCREASED DIVIDEND
 AND AN INCREASE IN ITS DIVIDEND GROWTH
 NEWPORT BEACH, Calif., July 27 /PRNewswire/ -- Nationwide Health Properties, Inc. (NYSE: NHP) declared a $.5625 per share dividend on its common stock.
 The dividend will be paid on Sept. 4 to shareholders of record on Aug. 14.
 "Due to the company's increasing cash flow, the company's board of directors voted to increase the quarterly dividend to $.0125 over the previous quarter's dividend," said R. Bruce Andrews, president and chief executive officer. "For the past nine quarters the company had increased its dividend $.01 per share each quarter. The increase to $.0125 per share reflects our confidence in the company's ability to continue to increase its cash flow."
 Nationwide Health Properties, Inc. is a real estate investment trust that invests in health care facilities. The company has investments in 158 facilities in 28 states.
 -0- 7/27/92
 /CONTACT: Mark L. Desmond, vice president & treasurer of Nationwide Health Properties, 714-251-1211/
 (NHP) CO: Nationwide Health Properties, Inc. ST: California IN: SU: DIV


BN-BR -- LA016 -- 3534 07/27/92 12:50 EDT
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Publication:PR Newswire
Date:Jul 27, 1992
Words:182
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