Global Medical REIT Declares Quarterly Dividend for 7.50% Series A Cumulative Preferred Stock

Global Medical REIT Inc. (NYSE:GMRE), a prominent entity within the specialized healthcare real estate sector, has officially announced a regular quarterly cash dividend for its 7.50% Series A Cumulative Redeemable Preferred Stock, traded under the ticker GMRE.PA. This declaration underscores the company's ongoing commitment to delivering consistent returns and reinforcing value for its preferred shareholders.

The Board of Directors has approved a cash dividend of $0.4688 per share for the preferred stock, specifically covering the operational period from April 1, 2021, to June 30, 2021.

This predictable payout highlights the stability and reliable income stream that is a hallmark of this particular class of shares, appealing to investors prioritizing steady financial distributions.

For those holding or considering the 7.50% Series A Cumulative Redeemable Preferred Stock, the crucial date for eligibility is June 20, 2021, which has been designated as the record date.

Shareholders officially registered by this date will qualify for the upcoming distribution. The anticipated payment date for this dividend is set for June 30, 2021, ensuring a timely disbursement to eligible investors.

Preferred stock, such as Global Medical REIT's Series A, is frequently favored by income-oriented investors.

It typically offers higher, fixed dividend payouts compared to common stock, and also holds a senior position in the queue for receiving dividends. This structure makes it a compelling choice for individuals seeking dependable income streams to bolster their investment portfolios.

Global Medical REIT Inc.

dedicates itself to the acquisition, ownership, and management of purpose-built healthcare facilities. Its diverse portfolio includes crucial assets such as medical office buildings, specialty hospitals, and other vital clinical properties. This strategic focus on essential healthcare infrastructure provides a resilient foundation for its business operations and, consequently, supports its consistent dividend distributions.

The regular declaration of this preferred dividend serves as a testament to the company's continued financial health and its unwavering dedication to shareholder value within the robust and growing healthcare real estate market.

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