Omega Healthcare Investors (OHI) Raises Quarterly Dividend 1.6% to $0.64; 7.7% Yield

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Go back to Omega Healthcare Investors (OHI) Raises Quarterly Dividend 1.6% to $0.64; 7.7% Yield

Omega Announces Second Quarter 2017 Financial Results; Increased Dividend Rate for 20th Consecutive Quarter

July 26, 2017 4:35 PM EDT

HUNT VALLEY, Md.--(BUSINESS WIRE)-- Omega Healthcare Investors, Inc. (NYSE: OHI) (the Company or Omega) today announced its results of operations for the three-month period ended June 30, 2017. The Company reported for the three-month period ended June 30, 2017 net income of $68.2 million, or $0.33 per common share, Funds From Operations (FFO) of $150.9 million or $0.73 per common share, and Funds Available For Distribution (FAD) of $162.0 million.

FFO for the second quarter of 2017 includes $23.5 million of interest refinancing costs, $3.7 million of non-cash stock-based compensation expense, $2.7 million in provisions for uncollectible accounts and $1.9 million of one-time revenue. Adjusted FFO is $0.87 per... More