LONDON, UK / ACCESSWIRE / July 27, 2018 / Active-Investors has a free review on Omega Healthcare Investors, Inc. (NYSE: OHI) ("Omega") following the Company's announcement that it will begin trading ex-dividend on July 30, 2018. In order to capture the dividend payout, investors must purchase the stock a day prior to the ex-dividend date (excluding weekend) that is by latest at the end of the trading session on July 27, 2018. Active-Investors has initiated due-diligence on this dividend stock. Register with us for more free research including the one on OHI:

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Dividend Declared

On July 14, 2018, Omega announced that its Board of Directors declared a common stock dividend of $0.66 per share. The common stock dividend is payable Wednesday, August 15, 2018, to common stockholders of record as of the close of business on July 31, 2018.

Omega's indicated dividend represents a yield of 8.82%, which is more than double compared to the average dividend yield of 3.05% for the Finance sector. The Company has raised its dividend for eight years in a row.

Dividend Insights

Omega has a dividend payout ratio of 89.2%, which indicates that the Company distributes approximately $0.89 for every $1.00 earned. The dividend payout ratio reflects how much amount a company is returning to shareholders versus how much money it is keeping on hand to reinvest in growth, to pay off debt, and/or to add to its cash reserves.

According to analysts' estimates, Omega is forecasted to report earnings of $1.67 for the upcoming year compared to the Company's annualized dividend of $2.64. One of the primary reasons for the difference between earnings and annualized dividend is that Omega is a Real Estate Investment Trust (REIT) which is structured by law to distribute at least 90% of earnings. Moreover, since REITs generate income from owning portfolios of investment real estate, they are likely to have higher depreciation charges.

Since depreciation is a non-cash charge, it does not directly impact the ability of dividend the companies can distribute. For this reason, Fund from Operations (FFO) is calculated by adding depreciation and amortization (D&A) to earnings and subtracting any gains on sales which then provides a better picture of any company's profitability and capacity to pay and to sustain dividends. For instance, for the three-month period ended March 31, 2018, Omega reported net income of $87.9 million, or $0.42 per common share, compared to net income of $109.1 million, or $0.53 per common share, for Q1 2017.

On the other hand, the Company's three-month period ended March 31, 2018, FFO was $148.0 million, or $0.71 per common share, compared to $181.0 million, or $0.88 per common share, for the year ago same period. The FFO number indicates that the Company should be able to comfortably cover its dividend payout through earnings.

Recent Development for Omega

On July 23, 2018, Omega announced that it has given notice to terminate the restructuring support agreement of its tenant, 4 West Holdings, Inc. (Orianna), effective July 25, 2018.

Taylor Pickett, Omega's CEO, stated:

"The Company will be considering and/or pursuing alternative courses of action to protect our assets and shareholder value. While we are frustrated that the restructuring of the Orianna portfolio could not be concluded in accordance with the restructuring support agreement negotiated with Orianna and its plan of reorganization, we continue to believe that final resolution will result in our previously stated range of $32 million to $38 million of rent or rent equivalents from the assets that constituted our Orianna portfolio."

On July 01, Omega successfully transitioned the legacy Orianna portfolio in Mississippi to an existing Omega operator with a contractual annual rent of $12 million.

About Omega Healthcare Investors, Inc.

Omega is a REIT that invests in the long-term healthcare industry, primarily in skilled nursing and assisted living facilities. Its portfolio of assets is operated by a diverse group of healthcare companies, predominantly in a triple-net lease structure.

Stock Performance Snapshot

July 26, 2018 - At Thursday's closing bell, Omega Healthcare Investors' stock was slightly up 0.17%, ending the trading session at $30.25.

Volume traded for the day: 1.11 million shares.

Stock performance in the previous three-month period - up 17.52%; past six-month period - up 8.50%; and year-to-date - up 9.84%

After yesterday's close, Omega Healthcare Investors' market cap was at $5.99 billion.

Price to Earnings (P/E) ratio was at 84.97.

The stock has a dividend yield of 8.73%.

The stock is part of the Financial sector, categorized under the REIT - Healthcare Facilities industry.

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