Stock Buy - LTC (25 shares, $57 dividend income)

LTC Properties Inc. (NYSE:LTC) is a healthcare REIT investing in seniors housing and health care properties spanning 28 states.

The 2 things certain in life are Death and Taxes so senior housing is fast becoming a necessity of life as we start to live longer. This company has been in business since 1992 with a long history of dividend payouts and decent revenues. This is the kind of stable income stock I like.

This purchase will add $57 annual dividend income to my dividend stock portfolio

Basic info:

Market CAP: 1.8B   EPS: $2.27  Dividend: $2.28(4.79%)