Universal Health Realty Income Trust (UHT) Raises Dividend to $0.67 Per Share
Universal Health Realty Income Trust (NYSE:UHT) announced a quarterly dividend on Thursday, December 7th, Wall Street Journal reports. Stockholders of record on Monday, December 18th will be paid a dividend of 0.665 per share by the real estate investment trust on Friday, December 29th. This represents a $2.66 dividend on an annualized basis and a dividend yield of 3.61%. The ex-dividend date of this dividend is Friday, December 15th. This is a positive change from Universal Health Realty Income Trust’s previous quarterly dividend of $0.66.
Universal Health Realty Income Trust has increased its dividend payment by an average of 1.4% per year over the last three years and has raised its dividend annually for the last 31 consecutive years.
Shares of Universal Health Realty Income Trust (UHT) opened at $73.77 on Friday. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.01 and a quick ratio of 1.01. Universal Health Realty Income Trust has a 12-month low of $59.10 and a 12-month high of $84.90. The company has a market capitalization of $992.33, a P/E ratio of 23.01 and a beta of 0.35.
In related news, VP Charles F. Boyle sold 2,368 shares of the company’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $76.49, for a total value of $181,128.32. Following the transaction, the vice president now directly owns 26,910 shares of the company’s stock, valued at approximately $2,058,345.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.90% of the company’s stock.
About Universal Health Realty Income Trust
Universal Health Realty Income Trust is a real estate investment trust (REIT). The Company invests in healthcare and human service related facilities, including acute care hospitals, rehabilitation hospitals, sub-acute facilities, surgery centers, free-standing emergency departments, childcare centers and medical office buildings (MOBs).
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