Universal Health Services (UHS) will reinstate its quarterly dividend with a 20 cents per share payment in the second quarter of 2021. UHS had suspended the quarterly dividend in Q2 of 2020 because of COVID-19. 

The next dividend will be paid on March 31, 2021 to shareholders of record on March 15, 2021. The new annual rate of 80 cents yields 0.5% at a stock price of $158. The next ex-dividend date for UHS stock is March 12, 2021.

Universal Health Services, Inc. operates inpatient acute care hospitals and behavioral health facilities and outpatient and other facilities located in the United States, Washington, D.C., Puerto Rico, the United Kingdom and the United States Virgin Islands. The company's hospitals provide a range of services, such as oncology, diagnostic care, coronary care, pediatric services, pharmacy services and/or behavioral health services. The acute care facilities located in the United States included inpatient acute care hospitals; free-standing emergency departments, and outpatient surgery/cancer care centers and a surgical hospital. It acts as the advisor to Universal Health Realty Income Trust, a real estate investment trust (UHT). Universal Health Services is headquartered in King of Prussia, PA and has paid a dividend every year since 2003.