By Stephen Nakrosis
Universal Health Realty Income Trust said its board approved an increase to the company's quarterly dividend, raising it to 73.5 cents a share from 73 cents.
The new dividend, $2.94 on an annual basis, is payable on Dec. 31 to shareholders of record on Dec. 16, the real estate investment trust said Monday.
The increased dividend represents a yield of 7.1%, based on the company's closing share price of $40.93 on Monday.
In June, the company raised its dividend to 73 cents per share from 72.5 cents, and in December 2023 increased it half a cent from 72 cents.
Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
November 25, 2024 18:13 ET (23:13 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.
Comments