Dividend increase Omega Healthcare Investors
At the 13th of April the board of Omega Healthcare Investors decided to increase the quarterly dividend from $ 0,62 to $ 0,63 per quarter. This means an increase of $ 0,04 per share per year which translates to a 1,61% increase. The dividend is paid on May the 15th 2017 to shareholders of record on May the 1st 2017. This is the 19th consecutive increase in the quarterly dividend. This is an 8,62% increase compared to the dividend in the same quarter of last year!
Since I have 39 shares this increase means that my yearly dividend for Omega Healthcare is now $ 98,28, up from $ 96,72 or a $ 1,56 increase in yearly dividends. After taxes I will receive $ 83,54 per year from the company.
This increase means Omega Healthcare currently yields 7,40% and my yield on cost rises to 8,63%.
Another quarterly increase from OHI! The increases are small, but I love that you get 4 a year from the company! This is my second quarterly increase since own the stock and the 19th consecutive quarterly increase of OHI. Predictable, a great growth rate and a great dividend!
I don’t see any reason the continuation of the dividend growth will stop in the near future, so I’m very bullish on OHI! Love the stock so long OHI!