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UHT

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.

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

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