Yesterday Omega Healthcare Investors, Inc. announced a quarterly dividend increase of from $0.61 to $0.62 per share that’s payable February 15, 2017 to holders of record January 31, 2017. This represents a 1.64% increase to regular quarterly dividends. Maybe this increase appears to be small, but it is worth remembering that, Omega Healthcare Investors prefers to raise the dividend four times a year. The February payment in 2016 was $0.57 so 2017's payout represents an 8.77% increase year over year. Omega Healthcare Investors has now increased dividends for 18 consecutive quarters. With current price $32.51 (today's open), this raise brings their dividend yield to 7.63%.
Since I own 150 shares this will increase my yearly net dividends by $4.47.
That increase rises my YOC to 6.90%
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