Another quarter and another pay-raise. Omega Healthcare Investors Inc (OHI) announced that its quarterly dividend will be raised by 2.04% to $0.50 per share/quarter from $0.49. This dividend increase is the company’s seventh consecutive quarterly increase. The new dividend is scheduled to be paid on May 15, 2014 to shareholders on record as of Apr 30, 2014. The new dividend rate results in an annualized yield of 5.82% based on OHI’s closing price as of Thursday – Apr 17th.
My portfolio consists of 100 shares of Omega Healthcare, which increases my quarterly dividends from $49 to $50 and an annual dividend raise from $196 to $200.