Those who have invested in the health care in general, as the one-year chart below of the Healthcare Select SectorSPDR ETF ( XLV) illustrates, should be feeling very well about how well the sector has performed. XLV data by YCharts
In fact the XLV hit a 52-week high of $52.89 on Tuesday. If you had purchased shares of XLV in November 2012 at about $38 you have a lovely 39% profit to celebrate. (But you can't celebrate until you capture that gain, so it's time to tighten your trailing stop alert.) Back on Oct. 2 OHI priced a follow-on public offering of 2.5 million shares of its common stock at $30 per share. Omega granted the underwriter a 30-day option to purchase up to 375,000 additional shares of its common stock. Omega said it expects to use the proceeds for general corporate purposes, which may include funding the previously announced pending sale/leaseback transaction for 56 facilities currently operated by Ark Holding Company, Inc. On Oct. 15, its Board of Directors declared a common stock dividend of 48 cents per share, increasing the quarterly common dividend by 1 cent per share over the previous quarter. The dividend is payable Nov. 15 to common stockholders of record as of the close of business on Oct. 31. So, my friends, it's not too late to get in on this dividend. As of Oct. 15, Omega had approximately 119.5 million outstanding common shares. Its market cap is now above $3.9 billion There's a tax-advantaged aspect to OHI's dividend as well. Due to its structure as a REIT, it was able to categorize some of its dividend as a return of capital. The rest is treated as ordinary income for tax purposes. As long as you're able to hold onto shares of OHI, a portion of its payout (your dividend) will be tax-deferred. If you set up a dividend reinvestment plan (DRIP) through your brokerage firm it'll also add a dimension of compounding to your total return.