Universal Health Realty Income Trust hikes dividend by 0.7%

Universal Health Realty Income Trust (UHT) has announced its second small dividend hike in 2024 with yet another 0.7% increase to $0.735 quarterly per share. This marks 37 consecutive years of increased dividends for UHT.

Universal Health Realty Income Trust announced that its Board of Trustees voted to increase the quarterly dividend by $.005 and pay a dividend of $0.735 per share on December 31, 2024 to shareholders of record as of December 16, 2024. This marks 37 consecutive years of dividend increases by the health care REIT.

This is the second dividend hike in 2024 by UHT following a similar 0.7% increase earlier this year. Dividend growth has stalled at 1.4% annually for the company in the last four years. Just as with many other growth lagging companies the dividend yield for UHT is very high with 7% at a stock price of $42.19.

Other REITs announcing a dividend hike recently include National Storage Affiliates Trust (NSA) and Four Corners Property Trust (PCPT).

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.UHT’s portfolio includes McAllen Medical Center, Wellington Regional Medical Center, Canyon Creek Behavioral Health and Clive Behavioral Health Hospital.