On July 14th Omega Healthcare Investors (OHI) announced that a 3.4% increase in its quarterly dividend. It was the 16th consecutive dividend increase. The dividend is raised from $0.58 to $0.60. The dividend pay date is August 15, 2016 to shareholders of record on August 1, 2016 (ex dividend July 28, 2016).
The new dividend amount represents an annualized dividend amount of $2.40 per share, up from $2.32. The dividend yield on current price is 7.09%.
I have 100 shares of OHI, so my annual dividends will increase by $8.00 and My YOC has increased to 6.8% from 6.6%.
Disclosure: Long OHI