Universal Health Realty's Ex-Dividend Date Is Friday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Universal Health Realty (NYSE:UHT) announced a quarterly dividend of 72.5 cents per share, with the ex-dividend date set for Friday. Shareholders owning UHT stock by the end of Thursday are eligible for the dividend, payable on March 29, 2024. The stock is expected to open 72.5 cents lower on the ex-dividend date.
March 12, 2024 | 2:45 pm
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Universal Health Realty announced a quarterly dividend of 72.5 cents per share, with an ex-dividend date this Friday. The stock is expected to open lower by the dividend amount on the ex-dividend date.
The announcement of a dividend payout typically leads to a short-term decrease in the stock price by the amount of the dividend on the ex-dividend date, as the stock price adjusts to reflect the payout. In this case, UHT is expected to open 72.5 cents lower on the ex-dividend date, directly impacting its stock price in the short term.
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