Sector Update: Financial Stocks Unable to Crack Break-Even Mark; Universal Health Realty Boosts Dividend


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Financial stocks were narrowly lower in late trade today with the NYSE Financial Sector Index sinking 0.1% and the S&P Financial 100 Index also falling about 0.1%.

In company news, Universal Health Realty Income Trust ( UHT ) was narrowly lower in late trade Friday afternoon after the property manager raised its quarterly dividend by $0.005 over its prior payout to $0.63 per share, payable June 30 to shareholders of record on June 23.

UHT shares were down 0.5% at $42.98 each shortly before the closing bell, earlier sinking to a session low of $42.76 a share. The stock has a 52-week range of $38.36 to $47.83 a share, falling just under 1% in value over the past year.

In other sector news,

(+) CHSP, Selected to replace Jos. A. Bank Clothiers Inc. ( JOSB ) in the S&P SmallCap 600 following the men's clothier's acquisition by The Men's Wearhouse ( MW ). The change is scheduled for June 20.

(-) APAM, Begins secondary offering of 1.84 mln shares of Class A common stock by affiliates of Hellman & Friedman LLC, liquidating their remaining 2.6% equity stake.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2014 All rights reserved. Unauthorized reproduction is strictly prohibited.

This article appears in: Investing , Commodities
More Headlines for: UHT , JOSB , MW

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