U.S. Physical Therapy (USPH) will raise its quarterly dividend by 7.9 percent to 41 cents per share in 2022. This follows a total dividend hike of 18.8 percent in 2021, when USPH announced to separate dividend increases. This marks the 11th consecutive year of dividend increases by the outpatient physical therapy clinics operator.
The next USPH dividend will be paid on April 8, 2022 to shareholders of record on March 14, 2022. A new annual rate of $1.64 per share yields 2.0% at a stock price of $93.57 for U.S. Physical Therapy. The next ex-dividend date for USPH is March 11, 2022. USPH now pays an estimated $21 million in dividends to shareholders every year.
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.