Dividend increase Omega Healthcare Investors
At the 12th of October the board of Omega Healthcare Investors decided to increase the quarterly dividend from $ 0,64 to $ 0,65 per quarter. This means an increase of $ 0,04 per share per year which translates to a 1,56% increase. The dividend is paid on November the 15th 2017 to shareholders of record on October the 31st 2017. This is the 21st consecutive increase in the quarterly dividend. This is an 6,56% 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 $ 101,40, up from $ 99,84 or a $ 1,56 increase in yearly dividends. After taxes I will receive $ 86,19 per year from the company.
This increase means Omega Healthcare currently yields 8,22% and my yield on cost rises to 8,90%.
Another quarterly raise of 0,01! There is nothing better then the clockwork raises of OHI! Let it continue for years to come. My YOC is now close to the 9% mark. Only 1 more quarter before I’m there! This is my 4th quarterly increase from the company already and the 21st consecutive quarterly increase! Predictable, a great growth rate and a great dividend!