Universal Health Realty Income Trust (NYSE:UHT) is building on the foundation of its shareholder payouts with a modest increase. The company has declared a quarterly dividend of $0.625 per share, to be paid on June 28 to shareholders of record as of June 17. That amount is half a penny higher than the company's previous two disbursements of $0.62 apiece, the most recent of which was handed out in late March.
The cautious increase is typical for the company; it has a habit of boosting its distribution only incrementally.
The new dividend annualizes to $2.50 per share. That yields 5.7% at Universal REIT's most recent closing stock price of $43.54.
Fool contributor Eric Volkman has no position in Universal Health Realty Income Trust. Nor does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.