HCP announced that its Board of Directors declared an increased quarterly cash dividend of $0.565 per share on its common stock, compared with $0.545 per share in the previous quarter. This is the 30th consecutive year that the company has increased its dividend per share. The annualized rate of distribution per share for 2015 is $2.26, compared with $2.18 for 2014, which represents a 3.7% increase.

The quarterly cash dividend will be paid on February 24, 2015 to stockholders of record as of the close of business on February 9, 2015.