OHI announced today a quarterly dividend increase from $0.50 to $0.51 per share that’s payable Aug 15, 2014 to holders of record as of July 31, 2014. What’s impressive is that this is their 8th consecutive quarterly dividend increase and the third time they’ve increased dividends this year, the first time being in January when they also increased the quarterly dividend by $0.01. I love multiple increases in the same year!
OHI happens to be the only REIT I own. I’m comfortable in the Healthcare REIT space and like the track record of this company.
OHI currently yields 5.3%, the price has come up a little from three months ago. OHI is a Dividend Contender, having increased their dividend for 12 straight years.
Since I own 200 shares this will increase my yearly dividends by $8.00.