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Stock impact report

U.S. Physical Therapy Increases Quarterly Dividend

U.S. Physical Therapy, Inc. (USPH) 
Last u.s. physical therapy, inc. earnings: 2/27 08:30 am Check Earnings Report
Company Research Source: Business Wire
Sells a Partnership Interest HOUSTON--(BUSINESS WIRE)--U.S. Physical Therapy, Inc. (NYSE: USPH), announced today that the Company plans to increase its quarterly dividend and that it has sold a partnership interest.U.S. Physical Therapy Raises Quarterly DividendIn March, the Company announced an increase in its quarterly dividend of 17% from $.23 per share per quarter in 2018 to $.27 in 2019. Two quarterly dividends have been paid thus far this year at the $.27 rate. The Company plans to increase the third and fourth quarter dividends for 2019 by an additional 11% to $.30 per share. 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.Sold a Partnership InterestThe Company has sold its 50% interest in one physical therapy partnership to the group’s founders. The sales proceeds to U.S. Physical Therapy, all of which is in cash, is $11.6 million. There is an estimated $2.0 milli Show less Read more
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