Omega Healthcare (OHI) Dividend Increase

Omega Healthcare Investors Inc (OHI) announced that its quarterly dividend will be raised by 1.88% from $0.53 to $0.54 per share. This dividend increase is the company’s eleventh consecutive quarterly increase. Because the company is merging with AVIV REIT, the next payout will be a pro-rated dividend of $0.18 scheduled to be paid on May 15, 2015 to shareholders on record as of Apr 30, 2015. The new dividend rate results in an annualized yield of 5.65% based on today’s closing price.

C. Taylor Pickett, President and CEO of Omega stated, “We are very pleased to have closed the Omega/Aviv merger on April 1st and we are working together on a combined basis sourcing growth opportunities. The merger closed later than we originally expected and we issued equity earlier and in a larger amount than we had originally planned. Therefore, our first quarter guidance is less than we planned and our quarterly run rate is a quarter behind our initial guidance. Our quarterly run rate, annualized using the mid-point guidance for the third quarter, is $3.08 per share for AFFO and $2.84 per share for FAD.” Mr. Pickett continued, “We are excited about our continued growth prospects and our outlook going into 2016.

 

My portfolio consists of 102 shares of Omega Healthcare, which increases my annual OHI dividends from $216.24 to $220.32, an increase of $4.08.

12 thoughts on “Omega Healthcare (OHI) Dividend Increase

    • Yeah…when they first announced the pro-rated dividend, I wasnt sure what that meant and had to read up the details.

      I like the pattern of $0.01 increments each quarter. Faster compounding 🙂 Glad to be a fellow shareholder in this great company
      R2R

    • Thanks MDP.
      Its a great company to own in the healthcare REIT space…although most of it concentrated in the skilled nursing space unlike the broader exposure that you get with HCP, HCN or VTR.

      Good luck
      R2R

  1. Yet another increase that I’m more than happy to take. Solid company that’s been nothing but good to me thus far. Thanks for the update.

    – HMB

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