Universal Health Realty Income Trust raises dividend for 33rd year

Universal Health Realty Income Trust (UHT) will raise its quarterly dividend by another 0.7 percent to $0.69 per share. This marks 33 consecutive years of dividend increases by the health care REIT.

The next dividend will be paid on June 30, 2020 to shareholders of record as of June 16, 2020. A new annual rate of $2.76 per share yields 2.7% at a stock price of $101.86.

Last year the real estate investment trust hiked its dividend by a total of 1.5 percent, marking 32 consecutive years of dividend increases. The stock is down 13.2 percent YTD based on Friday's closing price. The current market cap for UHT is $1.4 billion.

Universal Health Realty Income Trust, a real estate investment trust, invests in healthcare and human service related facilities including acute care hospitals, behavioral healthcare facilities, rehabilitation hospitals, sub-acute care facilities, surgery centers, childcare centers and medical office buildings. The Trust has seventy-one investments in twenty states. 

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