Omega Healthcare Investors, Inc. (NYSE:OHI) today
announced the Company's Board of Directors declared a common stock
dividend of $0.24 per share, increasing the quarterly common dividend
by $0.01 per share over the prior quarter.
Common Dividend
The Company's Board of Directors announced today a common stock dividend of $0.24 per share, to be paid May 15, 2006 to common stockholders of record on April 28, 2006. At the date of this release the Company had approximately 58.0 million outstanding common shares.
Preferred Dividend
The Company's Board of Directors also declared its regular quarterly dividend for the Series D preferred stock, payable May 15, 2006 to preferred stockholders of record on April 28, 2006. Series D preferred stockholders of record on April 28, 2006 will be paid dividends in the approximate amount of $0.52344, per preferred share, on May 15, 2006. The liquidation preference for the Company's Series D preferred stock is $25.00 per share. Regular quarterly preferred dividends represent dividends for the period February 1, 2006 through April 30, 2006.
The Company is a real estate investment trust investing in and providing financing to the long-term care industry. At December 31, 2005, the Company owned or held mortgages on 227 SNFs and ALFs with approximately 24,476 beds located in 27 states and operated by 35 third-party healthcare operating companies.
This announcement includes forward-looking statements. Actual results may differ materially from those reflected in such forward-looking statements as a result of a variety of factors, including, among other things: (i) uncertainties relating to the business operations of the operators of the Omega's properties, including those relating to reimbursement by third-party payors, regulatory matters and occupancy levels; (ii) regulatory and other changes in the healthcare sector, including without limitation, changes in Medicare reimbursement; (iii) changes in the financial position of Omega's operators; (iv) the ability of operators in bankruptcy to reject unexpired lease obligations, modify the terms of Omega's mortgages, and impede the ability of Omega to collect unpaid rent or interest during the pendency of a bankruptcy proceeding and retain security deposits for the debtor's obligations; (v) the availability and cost of capital; (vi) competition in the financing of healthcare facilities; and (vii) other factors identified in Omega's filings with the Securities and Exchange Commission. Statements regarding future events and developments and Omega's future performance, as well as management's expectations, beliefs, plans, estimates or projections relating to the future, are forward-looking statements. All forward-looking statements included herein are based on current expectations and speak only as of the date of such statements. Omega undertakes no obligation to publicly update or revise any forward-looking statement.
Common Dividend
The Company's Board of Directors announced today a common stock dividend of $0.24 per share, to be paid May 15, 2006 to common stockholders of record on April 28, 2006. At the date of this release the Company had approximately 58.0 million outstanding common shares.
Preferred Dividend
The Company's Board of Directors also declared its regular quarterly dividend for the Series D preferred stock, payable May 15, 2006 to preferred stockholders of record on April 28, 2006. Series D preferred stockholders of record on April 28, 2006 will be paid dividends in the approximate amount of $0.52344, per preferred share, on May 15, 2006. The liquidation preference for the Company's Series D preferred stock is $25.00 per share. Regular quarterly preferred dividends represent dividends for the period February 1, 2006 through April 30, 2006.
The Company is a real estate investment trust investing in and providing financing to the long-term care industry. At December 31, 2005, the Company owned or held mortgages on 227 SNFs and ALFs with approximately 24,476 beds located in 27 states and operated by 35 third-party healthcare operating companies.
This announcement includes forward-looking statements. Actual results may differ materially from those reflected in such forward-looking statements as a result of a variety of factors, including, among other things: (i) uncertainties relating to the business operations of the operators of the Omega's properties, including those relating to reimbursement by third-party payors, regulatory matters and occupancy levels; (ii) regulatory and other changes in the healthcare sector, including without limitation, changes in Medicare reimbursement; (iii) changes in the financial position of Omega's operators; (iv) the ability of operators in bankruptcy to reject unexpired lease obligations, modify the terms of Omega's mortgages, and impede the ability of Omega to collect unpaid rent or interest during the pendency of a bankruptcy proceeding and retain security deposits for the debtor's obligations; (v) the availability and cost of capital; (vi) competition in the financing of healthcare facilities; and (vii) other factors identified in Omega's filings with the Securities and Exchange Commission. Statements regarding future events and developments and Omega's future performance, as well as management's expectations, beliefs, plans, estimates or projections relating to the future, are forward-looking statements. All forward-looking statements included herein are based on current expectations and speak only as of the date of such statements. Omega undertakes no obligation to publicly update or revise any forward-looking statement.