It Seems Like Groundhog Day: Omega Bumps The Dividend Again
- In early January Mr. Market gave me the opportunity. I pounced on Omega shares at $29.80, just a few nickels below my target price.
- Last week Omega announced that it was increasing its common dividend by $.01 per share over the previous quarter.
- That’s beginning to sound like “groundhog day” for Omega since this makes the seventh consecutive quarterly dividend increase - raising the dividend from $0.49 per share to $0.50.
- So although some might consider 7 quarterly dividend increases boring, I find it quite satisfying.