This new distribution translates to an annualized payout of $2.72 per share. Based on the stock's closing price of $50.97 on Thursday, the move represents a dividend yield of approximately 5.3 percent. Shareholders of record as of August 3 are set to receive the payment on August 14.
In section Market Quotes
Omega Healthcare Investors Bumps Quarterly Dividend to 68 Cents
With a 1.5 percent hike in its quarterly cash payout, Omega Healthcare Investors is raising its dividend to 68 cents per share. The adjustment, moving up from the previous 67-cent mark, arrives as the firm points to a combination of recent operational performance and optimistic projections for future growth.
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