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

Omega Healthcare Investors, Inc. (NYSE:OHI) announced a quarterly dividend on Thursday, April 23rd. Shareholders of record on Monday, May 4th will be paid 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 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 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 Stock Up 3.0%

Omega Healthcare Investors stock opened at $46.36 on Friday. Omega Healthcare Investors has a 12 month low of $35.08 and a 12 month high of $49.14. The stock has a market capitalization of $13.81 billion, a PE ratio of 24.02, a price-to-earnings-growth ratio of 2.00 and a beta of 0.59. The company has a debt-to-equity ratio of 0.78, a current ratio of 5.04 and a quick ratio of 5.04. The business has a 50 day simple moving average of $46.41 and a 200-day simple moving average of $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.