Universal Health Realty Income Trust raises dividend for 33rd year
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.