Dividend Dolphin

It's been quiet here on the blog for a while now. Nothing's wrong but I was very busy at work and at home and didn't feel the energy to write some blogs. But now that everything is calming down a bit, it is time to pick up where I left off. I've been investing a bit in the last month. I bought 10 extra UNA shares and also 11 shares of OHI. Both when they were dipping after their reported Q3 results. Also I started investing in a new Mutual fund, which invests mainly in bonds. In total I invested just short of 900 Euros for an expected anual dividend increase of €33. I also collected dividends in september and october. In september I received €58.82 an increase of 270% compared to last year. In november I received €15.58, an increase of 80% compared to last year.

This is the second post about Omega Healthcare Investors (OHI) in two days. 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%.

Today I expanded my position in OHI. I bought another 10 shares for $34.24 per share. Including transaction fees of €0.54, the total costs were €323.03 or €32.30 I already owned 30 shares at a cost basis €31.03 per share, so my cost basis has risen somewhat to €31.34. Last quarter OHI paid a dividend of $0.62 and is known to raise it's dividend every quarter. But at this dividend the yield on cost of this purchase is 7.6% and 7.9% on all my shares. This purchase will raise my expected yearly dividend income by $26.20 before taxes. After taxes my annual expected dividend income is increased to €385.

Today I made another purchase. I bought another 10 shares of Omega Healthcare Investors (OHI) I now own 30 shares. OHI has been undervalued for a while and frankly I don't totally understand why. It can't just be the announced interest rate hikes this year. And they produced great 2016 figures just a while back. So anyway, I bought 10 shares for $30.80 a share. Including transaction fees the price per share in Euros was €29.18. At this shareprice OHI yields 8% My average cost basis is now €31.03. The dividend yield is 7.5%. This purchase increases my net expected annual dividend income with €19.88 to €345.

The great thing about dividend growth investing is that you get regular pay raises. Esspecially when a company raises its dividend every quarter. Omega Healthcare Investorrs (OHI) is such a company. Since owning their shares OHI yesterday announced its second dividend raise. OHI raises its dividend with one cent to 62 cents per share. This is a 1.6% raise. Owning 20 shares this raises my annual dividend with 80 cents. Looking at the year on year dividend growth OHI has raised its dividend by 5 cents or 8.8%.

Two days ago Omega Healthcare Investors announced a dividend raise of one dollarcent. Since I started investing back in march, this is the first time I am experiencing a dividend raise of one of my holdings. Owning 20 shares of OHI this raise will "boost" my 12 month dividend with 80 cents. The 12 month OHI dividend will be $48.80, bringing the yield on costs to 6.84%.

Just at the closing of the market of September I made another purchase. I bought another 6 shares of Omega Healthcare Investors (OHI) for $35.61 per piece totaling $213.66 bringing the total amount of shares to 16. Transaction costs were €0.52. . This buy will increase my 12 month forward dividend income by $14.40 or €12,86 bringing it to €199.26. I have bought my OHI shares in three times. The first five shares I bought at $37.20. Later I bought another 5 shares at $35.85 per share and now this purchase. Including transaction fees the average share price $36.29. With the quarterly dividend of $0.60, the YOC is now 6.6%. If the price will stay sub $36 I will probably add some more shares of OHI to my portfolio to bring the money invested more in balance with the other companies in my portfolio.