U.S. Physical Therapy (USPH) will raise its quarterly dividend by another 8.6 percent to 38 cents per share in 2021. This follows a dividend hike of  9.4 percent to $0.35 per share announced earlier in 2021. This marks the 10th consecutive year of dividend increases by the outpatient physical therapy clinics operator.

The next dividend will be paid on September 17, 2021 to shareholders of record on August 20, 2021. A new annual rate of $1.52 per share yields 1.3% at a stock price of $113.77. The next ex-dividend date for USPH is August 19, 2021.

U.S. Physical Therapy, Inc. operates outpatient physical therapy clinics in The United States. The company's clinics provide preventative and post-operative care for a variety of orthopedic-related disorders and sports-related injuries, treatment for neurologically-related injuries and rehabilitation of injured workers. The company also manages physical therapy facilities for unaffiliated third parties, including hospitals and physician groups and provides onsite services for clients’ employees including injury prevention, rehabilitation, ergonomic assessments and performance optimization. U.S. Physical Therapy began paying quarterly dividends in 2011 and has increased the dividend amount every year since as well as having paid a special dividend.