(04-19-2014, 05:33 AM)rnsmth Wrote:(04-18-2014, 11:20 PM)Dividend Watcher Wrote: From OHI's IR web site:
Company Release - 04/18/2014 15:00
Omega’s Board of Directors announced today the Company’s seventh consecutive quarterly common stock dividend increase, raising the dividend from $0.49 per share to $0.50 per share. The common stock dividend is payable Thursday, May 15, 2014 to common stockholders of record as of the close of business on April 30, 2014.
The dividend for the year ago quarter was .46, making this an 8.7% annualized divvy increase. OHI is one of my overweight positions
This is the 6th quarter in a row that they've raised it by $0.01 and they haven't gone more than 2 quarters without raising it since 2009. Hard to beat a near 6% yield with dividend growth like that.