UHT - Why Is Universal Health Realty's Dividend So High?
2023-04-14 17:06:00 ET
Universal Health Realty (NYSE: UHT) has a very impressive dividend history and currently sports an attractive 6% dividend yield. Before you jump aboard, however, there's some good things and bad things to understand about this real estate investment trust (REIT).
Any company that manages to increase its dividend for 38 consecutive years is doing something right. You just can't build a record like that by accident and it shows a real commitment to returning value to shareholders, through dividend increases, in both good markets and bad ones. Universal Health Realty's incredible record of annual dividend increases is probably one of the most attractive characteristics of this REIT .
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Why Is Universal Health Realty's Dividend So High?