Omega Hospitality Trust

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Health care real estate investment trust Omega Hospitality Trust ( OHI) has developed a proven knack for rising dividend payouts. The dividend has grown at least 10% for six of the last seven years, from 72 sets a share back in 2004 to $1.37 in 2010 and $1.64 in 2011. And despite uncertainties in the broader health care space, Omega is likely to preserve its impressive payout.

"Based on the company's relatively modest level of debt and a payout ratio (based on 2011 estimates) on par with the industry average, we believe that the dividend is very secure," note analysts at Hilliard Lyons.

Any time you come across a 7.8% dividend yield that appears to be protected from a possible cut in the payout, you should take note. These kinds of bargains don't tend to last long.

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At the time of publication, author had no positions in stocks mentioned.

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