On August 18, 2023, I bought additional 1 share of Omega Healthcare Investors Inc (NYSE: OHI) stock, paying $30.4 per share for our long-term dividend stock portfolio
Omega Healthcare Investors is a publicly traded real estate investment trust ( REIT ) active in the healthcare and healthcare industry in the United States and United Kingdom . The company invests in the construction and renovation of real estate, which is then rented out to third parties as apartments for the elderly, homes for the elderly, hospitals or care facilities. The managed properties also include medical and health centers and facilities for assisted living. The company's portfolio currently includes 924 facilities managed by 67 different operators.
Omega Healthcare trades on the NYSE under the symbol OHI with a market capitalization of $7.64 billion
We are now holding 2 shares of OHI in our stock portfolio.
With its yearly dividend of 2.27 dollars per share, this latest buy has a dividend yield of 7.46% and will pay us an additional $2.27 every year (after tax). Awesome! OHI is paying a dividend in the following months: February, May, August, and November
Using dollar-cost averaging our average cost per OHI share is $30.77.
At the time of writting this article OHI takes 0.91% from our stock portfolio.
To finance this purchase I was actually selling a put option, and bought this stock from the premium received.
98 shares to go once we will be able to start selling covered calls and generate extra income from OHI stock. I don't have a set time frame when to get there, as I'm planning to buy these stocks from the put options premiums. It could take some 2-3 years once I will get there, or much sooner if the stock will get assigned.
Interested to learn more about our covered call trades? Sign up for the newsletter at coveredcalls.reinisfischer.com