Universal Health Services (NYSE:UHS) declared a dividend payable on September 15, 2021 to its shareholders as of August 19, 2021. It was also announced that shareholders of Universal Health Services's stock as of September 1, 2021 are entitled to the dividend. The stock is expected to become ex-dividend 1 business day(s) before the record date. Universal Health Services has an ex-dividend date planned for August 31, 2021. The company's current dividend payout sits at $0.2. That equates to a dividend yield of 0.54% at current price levels.

What Are Ex-Dividend Dates?

An ex-dividend date is when a company's shares stop trading with its current dividend payout in preparation for the company to announce a new one. Usually, a company's ex-dividend date falls one business day before its record date. Investors should keep this in mind when purchasing stocks because buying them on or after ex-dividend dates does not qualify them to receive the declared payment. Newly declared dividends go to shareholders who have owned that stock before the ex-dividend date. Typically, companies will announce and implement new dividend yields on a quarterly basis.

Understanding Universal Health Services's Dividend History

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