This week OHI announced a 1.8% increase in its quarterly dividend. It was the 14th consecutive dividend increase. The dividend is raised from $0.56 to $0.57. The dividend pay date is February 16, 2016 to shareholders of record on February 2, 2016 (ex dividend January 29, 2016).
The new dividend amount represents an annualized dividend amount of $2.28 per share, up from $2.24. The dividend yield on current price is 6.87 %.
My Vrijheid Fonds consist of 40 shares of OHI, so my annual dividends will increase by $1.36 (after taxes).
My projected annual total amount from my shares of OHI will be $77.52 after taxes.
While OHI’s dividend increase is small in size, I think it’s better than no increase!