NEW YORK--(BUSINESS WIRE)--New Senior Investment Group Inc. (“New Senior” or the “Company”) (NYSE:SNR) announced today that its Board of Directors has approved a 13 percent increase in the quarterly cash dividend, from $0.23 per common share in the first quarter of 2015 to $0.26 per common share for the second quarter of 2015. The dividend is payable on August 3, 2015 to shareholders of record on June 18, 2015. In future quarters, New Senior expects to announce any dividend declaration in conjunction with the announcement of its quarterly earnings.
ABOUT NEW SENIOR
New Senior is a real estate investment trust focused on investing in senior housing properties across the United States. The Company is one of the largest owners of senior housing properties and currently owns 124 properties in 32 states. New Senior is managed by an affiliate of Fortress Investment Group LLC, a global investment management firm. More information about New Senior can be found at www.newseniorinv.com.
