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