HCP announced that its board of directors declared an increased quarterly cash dividend of $0.545 per share on its common stock, compared with $0.525 per share in the previous quarter. The annualized rate of distribution per share for 2014 is $2.18, compared with $2.10 for 2013, which represents a 3.8% increase. The quarterly cash dividend will be paid on February 25, 2014 to stockholders of record as of the close of business on February 10, 2014.