Buy This Stock Before It Becomes a Dividend Aristocrat
The first 12 months of the coronavirus pandemic have proved to be a real test for dividend-paying companies, with many real estate investment trusts (REITs) trimming or even suspending their dividends. Omega Healthcare Investors (NYSE: OHI) passed that test by adding another annual increase to its record. Here's what investors need to know about Omega as it marches toward Dividend Aristocrat status.
Omega Healthcare is a real estate investment trust (REIT), a corporate structure specifically designed to return cash to shareholders via dividends. So it isn't shocking that it pays dividends. However, the company's portfolio is built around nursing homes, which make up around 85% of its portfolio (the rest is senior housing). That's a material focus on a very specific property type.
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Source Fool.com
