Dividend increase Omega Healthcare Investors

Dividend increase Omega Healthcare Investors

At the 13th of July the board of Omega Healthcare Investors decided to increase the quarterly dividend from $ 0,63 to $ 0,64 per quarter. This means an increase of $ 0,04 per share per year which translates to a 1,59% increase. The dividend is paid on August the 15th 2017 to shareholders of record on August the 1st 2017. This is the 20th consecutive increase in the quarterly dividend. This is an 6,67% increase compared to the dividend in the same quarter of last year!

 

The Pursuit

Since I have 39 shares this increase means that my yearly dividend for Omega Healthcare is now $ 99,84, up from $ 98,28 or a $ 1,56 increase in yearly dividends. After taxes I will receive $ 84,86 per year from the company.

This increase means Omega Healthcare currently yields 7,79% and my yield on cost rises to 8,77%.

 

Conclusion

OHI keeps raising the dividend each quarter. Another 0,01 raise! I really like this company. My YOC is already approaching the 9% mark. Another 2 quarters before it passes that mark! This is my 3rd quarterly increase from the company already and the 20th consecutive quarterly increase! Predictable, a great growth rate and a great dividend!

Although you never know what the American government will decide on regulations regarding companies like OHI I’m very bullish for this company. If the dust settles and it’s clear that nothing will change, then I even expect a great increase in valuation. We will see what the future brings.

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