The Dynamic Dividend

Omega Healthcare Ups Dividend Yet Again

Omega Healthcare Investors, Inc. (OHI) declared a quarterly dividend of $0.38 per share today, a 2.7% increase over its previous payout and an 18.7% improvement over its dividend from the same period last year. This marks the fourth time the long-term care REIT has boosted its dividend in the last six quarters.

Shares of OHI closed at $23.75 (+1.98%) on Thursday, where they now feature a 6.40% dividend yield.

Omega has now raised its quarterly dividend by a total of 27% since the beginning of 2010. That impressive dividend momentum is just one reason Omega closed out 2010 ranked 51st on my list of The 100 Best Values Among Dividend-Paying Stocks.