Omega Healthcare Investors, Inc. (NYSE:OHI) Declares $0.67 Quarterly Dividend

Omega Healthcare Investors, Inc. (NYSE:OHI) announced a quarterly dividend on Thursday, April 23rd. Investors of record on Monday, May 4th will be given a dividend of 0.67 per share by the real estate investment trust on Friday, May 15th. This represents a c) annualized dividend and a dividend yield of 5.8%. The ex-dividend date is Monday, May 4th.

Omega Healthcare Investors has a payout ratio of 148.1% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Omega Healthcare Investors to earn $3.20 per share next year, which means the company should continue to be able to cover its $2.68 annual dividend with an expected future payout ratio of 83.8%.

Omega Healthcare Investors Trading Up 3.0%

NYSE OHI opened at $46.36 on Friday. The company has a quick ratio of 5.04, a current ratio of 5.04 and a debt-to-equity ratio of 0.78. Omega Healthcare Investors has a twelve month low of $35.08 and a twelve month high of $49.14. The company has a market cap of $13.81 billion, a price-to-earnings ratio of 24.02, a price-to-earnings-growth ratio of 2.00 and a beta of 0.59. The business’s fifty day moving average is $46.41 and its 200 day moving average is $44.58.

About Omega Healthcare Investors

Omega Healthcare Investors, Inc is a real estate investment trust (REIT) that specializes in the ownership and management of healthcare-related facilities. The company’s core business involves acquiring and leasing long-term care properties, including skilled nursing facilities and assisted living communities, under net lease agreements. Its portfolio is designed to provide stable, inflation-protected cash flows from operators responsible for day-to-day property management.

Founded in 1992 and headquartered in Hunt Valley, Maryland, Omega Healthcare Investors has grown its holdings to encompass hundreds of facilities across the United States, with a smaller presence in select international markets.