Gotta love it when a company decides to send money your way. If you dont send that money my way lol. Anyways this is my first announced of the year but will be my third I get unless i get surprised later on and this was a surprise and i love surprises.
This raise was announced today
Omega Healthcare Investors (NYSE: OHI) declared a quarterly dividend of $0.62 per share, or $2.48 annualized. This is a 1.6% increase from the prior dividend of $0.61.
The dividend will be payable on February 15, 2017, to stockholders of record on January 31, 2017, with an ex-dividend date of January 27, 2017.
The annual yield on the dividend is 7.7 percent.
Companies that are able to grow their dividend are some of the most consistent returners in the market.
Since i own 31 shares this will raise my quarterly dividend by .31 a quarter or 1.24 a year. This is not a big raise but it will help and every little bit helps. When you have enough raises that you reach the crossover point where your dividends cover everything you need that is what we are trying to accomplish.
Disclaimer: I am long OHI
My life of investing and hobbies 
Hey a 1.25% increase is just one step closer to retirement. Now if only all our stocks could do that every year. Now we would be retired very early. All the best for 2017.
LikeLiked by 1 person
Would be awesome. Hoping to add more dividend payers and add to my good ones that way the increases bring in more lol
LikeLike
Well that’s always the goal for many of us. I hope we all achieve that. All the best.
LikeLiked by 1 person
yup you also
LikeLike
Hi dividendsandhobbies,
OHI tend to increase their dividends a small amount each quarter so the net increase this year should be bigger.
It’s always great to get a raise without lifting a finger.
Best wishes,
-DL
LikeLiked by 1 person
Thanks for commenting. Yup I see that will be good for my portfolio.
LikeLike
A raise is better than a dividend cut. Congrats on the raise.
LikeLiked by 1 person
You are correct
LikeLike
OHI is one of best reits for dividend investors. It’s long term under valued and possibly staying that way for the next 2 to 3 years. It raises the dividend each quarter with 1 cent like clockwork, the balance sheet is great, the management is top and the risks associated for the SNF sector are not risks that are all to likely to me. For example, I don’t believe medicare / medicaid will be slashed. Maybe changed a bit, but to much people depend on it.
Nice investment and I’m long with you. 🙂
LikeLiked by 1 person