Omega Announces Common Stock Dividend and Declares Regular Quarterly Dividend on Preferred Stock

HUNT VALLEY, Md.--(BUSINESS WIRE)-- Omega Healthcare Investors, Inc. (NYSE:OHI) today announced the company's Board of Directors declared a common stock dividend of $0.37 per share and declared its regular quarterly dividend for the company's Series D preferred stock.

Common Dividend

The company's Board of Directors announced today a common stock dividend of $0.37 per share, to be paid February 15, 2011 to common stockholders of record on January 31, 2011. At the date of this release the company had approximately 99.5 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 February 15, 2011 to preferred stockholders of record on January 31, 2011. Series D preferred stockholders of record will be paid dividends in the approximate amount of $0.52344 per preferred share. 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 November 1, 2010 through January 31, 2011.

Omega is a real estate investment trust investing in and providing financing to the long-term care industry. At September 30, 2010, Omega owned or held mortgages on 395 skilled nursing facilities, assisted living facilities and other specialty hospitals with approximately 45,914 licensed beds (44,179 available beds) located in 35 states and operated by 49 third-party healthcare operating companies, and one closed facility held for sale.

    Source: Omega Healthcare Investors, Inc.

Released January 14, 2011