Last week OHI announced a 1.8% increase in its quarterly dividend. It was the 15th consecutive dividend increase, and the second increase this year. The dividend is raised from $0.57 to $0.58. The dividend pay date is May 16, 2016 to shareholders of record on May 2, 2016 (ex dividend April 28, 2016).
The new dividend amount represents an annualized dividend amount of $2.28 per share, up from $2.32. The dividend yield on current price is 6.63 %.
My Vrijheid Fonds consist of 87 shares of OHI, so in 2016 my passive income will increase by $2.96 (after taxes).
My projected annual total amount from my shares of OHI will be $171.56 after taxes.
While OHI’s dividend increase is small in size, I think it’s better than no increase!