Omega Announces Increase in 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, increasing the quarterly common dividend by $0.01 per share over the prior quarter, 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 November 15, 2010 to common stockholders of record on October 29, 2010. At the date of this release the company had approximately 98.2 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 November 15, 2010 to preferred stockholders of record on October 29, 2010. 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 August 1, 2010 through October 31, 2010.

Omega Healthcare Investors, Inc. is a real estate investment trust investing in and providing financing to the long-term care industry. At June 30, 2010, the company owned or held mortgages on 395 skilled nursing facilities, assisted living facilities and other specialty hospitals with approximately 46,007 licensed beds (44,250 available beds) located in 34 states and operated by 46 third-party healthcare operating companies.

    Source: Omega Healthcare Investors, Inc.

Released October 14, 2010