The end of the month is an exciting time as it means the arrival of fresh capital that can be used to buy new stocks. This month I decided to load up on 20 shares of Omega Healthcare Investors (OHI), a US-based healthcare REIT specialized in skilled nursing facilities.
The REIT has a strong history of creating shareholder value, over the past ten years its share price has soared 168.85% while the quarterly dividend increased from $0.22 in late 2005 to $0.55 for the most recent payout. Outside of the strong fundamentals, one of the things I like about OHI is that the company has managed to increase its dividend nearly every quarter for the last couple of years! The stock currently yields around 6.40% and increases its dividend by about one cent per quarter.
Unfortunately, I could only pick up 20 shares this month as I need to set aside some money for a hefty property tax bill next month. Based on this quarter’s payout these 20 shares increase my total yearly dividend income by about 25EUR after taxes.
On a related note, the weekend started really good as Belgian lingerie maker Van de Velde announced an interim-dividend of 1.35EUR per share. I didn’t expect them to pay an interim dividend so this is a nice piece of extra dividend income for 2015.