HCP announced that its Board of Directors declared an increased quarterly cash dividend of $0.575 per share on its common stock, compared with $0.565 per share in the previous quarter. This is the 31st consecutive year that HCP has increased its dividend per share. The annualized rate of distribution per share for 2016 is $2.30, compared with $2.26 for 2015.

The quarterly cash dividend will be paid on February 23, 2016 to stockholders of record as of the close of business on February 8, 2016.