NZ's Vital Healthcare Property Trust gains most in 3-1/2 yrs on Q3 dividend hike

Vital Healthcare Property Trust

10/05/2019 24:31

** Shares of Vital Healthcare Property Trust  VHP.NZ  rise
as much as 4.7 pct to NZ$2.22, their biggest intraday pct gain
since Oct 2015
    ** Co announces Q3 cash distribution of 2.1875 New Zealand
cents per unit, an increase of 2.9 pct over a year ago
 urn:newsml:reuters.com:*:nNZW1W11W4
    ** Co also says it has declined to participate in the
acquisition of the Healthscope real estate opportunity with
NorthWest Healthscope Properties REIT 
    ** Stock has a gross dividend yield of 4.74 pct, according
to Refinitiv data
    ** Shares hit their highest level since Jan 2018
    ** Stock has risen 1.4 pct this year, as of last close

 ((Niyati.N.Shetty@thomsonreuters.com; +918067497199; Reuters
Messaging: niyati.n.shetty.thomsonreuters.com@reuters.net))