It is Saturday morning and we will have a national holiday called Summer Day on this coming Monday.
Anyway, great news arrived in from Hunt Valley, Md. Omega Healthcare Investors (OHI) on July 13th announced that the Company’s Board of Directors declared a common stock dividend of $0.64 per share, increasing the quarterly common dividend by $0.01 per share over the previous quarter. The common stock dividend is payable Tuesday, August 15, 2017 to common stockholders of record as of the close of business on Tuesday, August 1, 2017.
This is the 20th consecutive increase in its quarterly dividend. With this increase, the YOC has increased to 7.4% from 7.3% although I have 5.3% of unrealized loss in OHI.
Disclosure: Long OHI