OHI is Back: This 6% Payer is Raising Its Dividend Again
October 23, 2019 at 05:00 AM EDT
Our healthcare landlord Omega Healthcare Investors (OHI) is officially back. This 6% dividend has upside once again. We are about to receive our first payout raise since early 2018, which ends our seven-quarter drought in which the big dividend was paid but not raised. I say “drought” partially in jest because OHI yielded a fat 10% when it froze its payout. The stock slipped on the news, but we discussed that a freeze isn’t the same as a cut, and OHI’s payout was well covered by its funds from operations (FFO). Congratulations to you calculated contrarians who stuck with the pick.… Read more
