S&P 500 slips, but losses kept in check as Nvidia climbs ahead of results
HUNT VALLEY, Md. - Omega Healthcare Investors, Inc. (NYSE:OHI), a real estate investment trust (REIT) focusing on the long-term healthcare industry, has declared a quarterly cash dividend of $0.67 per common share, representing an attractive 6.98% yield. The dividend is scheduled to be paid on May 15, 2025, to shareholders of record by the close of business on May 5, 2025. According to InvestingPro, the company has maintained dividend payments for 23 consecutive years.
The company specializes in owning and providing financing to skilled nursing and assisted living facilities. Operating a portfolio across the United States and the United Kingdom, Omega Healthcare structures most of its assets under triple-net lease agreements with a variety of healthcare operators. With a market capitalization of $10.96 billion and a strong financial health score rated as "GREAT" on InvestingPro, the company maintains solid liquidity with a current ratio of 1.28.
This dividend announcement reflects the company’s ongoing commitment to provide returns to its investors. As a REIT, Omega is required to distribute at least 90% of its taxable income to shareholders annually in the form of dividends, making these regular payouts a critical component of the investment’s total return.
The information in this article is based on a press release statement from Omega Healthcare Investors, Inc.
In other recent news, Omega Healthcare Investors Inc. reported its fourth-quarter 2024 earnings, with revenue reaching $279 million, surpassing the forecast of $227.53 million. This marked a 16.7% increase from the previous year. However, the company’s earnings per share (EPS) came in slightly below expectations at $0.41, compared to the anticipated $0.43. During 2024, Omega Healthcare made significant investments totaling $1.1 billion, with 68% of these investments focused on the UK market. The company’s funds available for distribution (FAD) were reported at $200 million or $0.70 per share. Additionally, Omega Healthcare has set its 2025 adjusted funds from operations (AFFO) guidance between $2.90 and $2.98 per share. The company is considering potential equity issuance to manage upcoming debt maturities in 2026. Recent management changes were also announced, with Matthew Gorman named President and Vikas Gupta appointed as Chief Investment Officer.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.