Omega Healthcare Investors Inc (NYSE:OHI) is a self-administered REIT (real estate investment trust) that invests in income-producing healthcare facilities located throughout the United States. The company provides lease or mortgage financing to healthcare operating companies, funding investments through loans under revolving credit facilities, from private or public offerings of debt or equity securities, or through secured indebtedness.
OHI is a Dividend Contender with a 13-year streak of consecutive dividend increases. It pays quarterly dividends of 54¢ per share in the months of February, May, August, and November.
My buy price results in an initial yield on cost (YoC) of 5.62%, which is high due to the fact that REITs have to pay at least 90% of taxable income in the form of shareholder dividends.
This post is a placeholder for a more thorough analysis of OHI. I'm busy developing a set of selection criteria similar to those for regular stocks and master limited partnerships (MLPs) on my About page.
What do you think of OHI?