Once again, Omega Healthcare Investors, Inc. (NYSE:OHI) has done it. Just moments ago Quad 7 Capital learned that OHI 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.
Why is this so special? This is the 20th consecutive dividend hike from the company. Another penny, or $0.01 hike is welcomed news. Based on the present share price, Omega is yielding over 7.7%. Quad 7 Capital has had a buy rating on the name since the winter.