Yesterday I reported buying 10 shares of the company and yesterday evening I was rewarded with the announcement of a dividend raise by OHI.
The quarterly dividend is raised from $0.62 to $0.63. This is an increase of 1.6%. Owning 40 shares of OHI my expected annual dividend income will rise by $1.60 which is not that much. Total expected annual dividend income from OHI will be $100,80 pre taxes and €83.44 after taxes.
While OHI raises it's dividend every quarter, I should really look at how much the dividend has raised in a year. Next dividend is 8.6% higher than last year's dividend. That is actually a very nice yearly increase.
OHI will yield 7.4% at the current share price and my YOC will be just above 8%.