Omega Healthcare Investors (NYSE:OHI) has announced a one-cent increase in its quarterly dividend.
The company will pay $0.45 per share of common stock, which represents a boost of 2.3% from its previous disbursement of $0.44. The new dividend will be paid on Feb. 15 to shareholders of record as of the close of Jan. 31.
The firm is a habitual dividend payer, and for the most part has steadily raised its payout since late 2003. The current disbursement is roughly 10% higher than what the company paid out one year ago.
Omega Healthcare Investors is a real estate investment trust focusing on properties in the medical sector. As of last September, it owned or held mortgages on 460 properties across the United States.
Eric Volkman has no position in Omega Healthcare Investors. The Motley Fool has no position in Omega Healthcare Investors. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.