Omega Healthcare Investors Inc (OHI) announced a 1.75% increase in its cash dividend. The quarterly cash dividend will increase from $0.57 to $0.58 per share and payable on May 16, 2016 to shareholders on record as of May 02, 2016.
This is the 15th consecutive dividend increase from Omega Healthcare, and the company has been known to raise dividends each quarter. The annual dividend rate goes up from $2.28 to $2.32. Yield going forward based on yesterday’s closing stock price is 6.63%.
Our portfolio consists of 106 shares of Omega Healthcare, which increases our annual dividends from $241.68 to $245.92, an increase of $4.24.
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