It has been a while, but I initiated a new buy! The volatility of the last weeks made some stocks a lot cheaper. One stock that already was cheap became more interesting and I couldn’t pass up anymore. I bought Omega Healthcare Investors.
I followed Omega Healthcare Investors (OHI) for a while now. It was clear to me that I liked the future and the fundamentals of the stock, but I wasn’t sure about the price. Now, with the election of the new US president and the price decrease of the REIT market as a whole OHI came into very interesting waters. The company now trades under NAV value, something that I really like in a REIT. The company has a great history of increasing dividends and it now sports a high yield of 8,4% compared to an average yield somewhere around 6%! A yield that the company is increasing with $ 0,01 per quarter at the moment, so there is some nice growth involved also.
I purchased 39 shares of OHI for a price of $ 28,89 a share. Together with my fees of $ 12,07 this gives a cost basis per share of $ 29,20 for a total of $ 1.138,78.
This buy adds $ 95,16 of forward dividends per year to my portfolio or € 87,10 in Euro’s. After taxes that netts me € 74,03 per year in dividends. My forward income excluding taxes for my portfolio is now € 353,32 per year.
My next step in my journey has been made. The size of my portfolio has grown somewhere around 12% and my dividend has grown even more! I’m happy. 🙂
What do you think of this purchase? Do you have OHI in your portfolio? And did you make any recent purchases in this market? Don’t hesitate to comment below!