5 Best High-Yield Dividend Champions to Buy in August

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In this article, we discuss 5 best high-yield dividend champions to buy in August. If you want to read our detailed analysis of dividend stocks, go directly to read 10 Best High-Yield Dividend Champions to Buy in August

5. Universal Health Realty Income Trust (NYSE:UHT)

Dividend Yield as of August 1: 5.32%

Universal Health Realty Income Trust (NYSE:UHT) is an American real estate investment trust that specializes in healthcare and human service-related facilities.

In the first half of 2022, Universal Health Realty Income Trust (NYSE:UHT) reported net cash from operating activities of $478 million, up from $119 million at the end of December 2021. The company had cash and cash equivalents of $132.6 million at the end of Q2, up from $115.3 million recorded at the end of 2021.

On June 9, Universal Health Realty Income Trust (NYSE:UHT) declared a 0.7% hike in its quarterly dividend to $0.71 per share. This was the company’s 37th consecutive year of dividend growth, the second longest dividend growth track record in the REIT sector. Its payout ratio currently stands at 36.1%. As of August 1, the stock’s dividend yield came in at 5.32%.

At the end of Q1 2022, 5 hedge funds tracked by Insider Monkey held investments in Universal Health Realty Income Trust (NYSE:UHT), worth nearly $20 million. In the previous quarter, 7 hedge funds owned stakes in the company with a total value of over $22 million. Renaissance Technologies was the company’s leading stakeholder at the end of March 2022.

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