Omega Healthcare Investors Inc Hikes Dividend 3.3%
In a world where 10-year treasury notes are yielding a measly 1.6%, income investors have to shop outside of the fixed-income department. Where will you find good picks for your income portfolio? Well, this real estate investment trust (REIT) with seven-percent dividend yield could be a good start.
On Thursday, July 14, Omega Healthcare Investors Inc (NYSE:OHI) announced that its board of directors declared a quarterly dividend of $0.60 per share, a 3.3% increase from its current payout. The dividend will be paid on August 15, 2016 to shareholders of record as of August 1. (Source: “Omega Announces Sixteenth Consecutive Increase in Its Quarterly Common Stock Dividend,” Omega Healthcare Investors Inc, July 14, 2016.)
Omega Healthcare Investors is a real estate investment trust (REIT) providing financing to the long-term healthcare industry with a particular focus on skilled nursing facilities in the U.S. Its portfolio of investments includes over 900 properties located in 42 states and the U.K. After this increase, OHI stock will have an annual dividend yield of 7.14%.