U.S. Physical Therapy, Inc.
USPHHealthcare · Medical Care Facilities · Stock · quarterly payer
Forward Yield
2.15%
Annual Dividend
$1.84
Payout Ratio
1011%
5-Yr Growth
7.1%
Ex-Date
Aug 21, 2026
Frequency
Quarterly
Key facts about USPH's dividend
Data as of · Source: SmarterDividends data
- As of Oct 18, 2026, U.S. Physical Therapy, Inc. (USPH) has a forward dividend yield of 2.15%, based on an annual dividend of $1.84 per share and a share price of $85.71.
- As of Oct 18, 2026, USPH's dividend safety grade from SmarterDividends is B (76 out of 100), which rates the dividend as safe.
- By SmarterDividends' count, U.S. Physical Therapy, Inc. (USPH) has raised its dividend for 14 consecutive years as of Oct 18, 2026.
- USPH has never cut its regular dividend in the payment history SmarterDividends has on record.
- USPH's most recent ex-dividend date was Aug 21, 2026, for a dividend of $0.46 per share.
- USPH's dividend has grown at an average rate of 7.1% a year over the past five years.
- As of Oct 18, 2026, USPH's 2.15% yield is 21% above its five-year average yield of 1.78%.
- As of Oct 18, 2026, SmarterDividends' blended fair-value estimate for USPH is $58.96 per share, 31% below the $85.71 share price, so USPH screens as overvalued.
- U.S. Physical Therapy, Inc. (USPH) pays its dividend quarterly, 4 times a year.
- U.S. Physical Therapy, Inc. (USPH) has raised its regular dividend 17 times and cut it 0 times across the 60 payments on record since 2011. Its most recent change was a 2.2% increase to $0.460 per share, going ex-dividend on Mar 13, 2026.
Cite this page
SmarterDividends, "USPH Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 18, 2026, https://smarterdividends.com/stocks/USPH
Summary
As of Oct 18, 2026, U.S. Physical Therapy, Inc. (USPH) yields 2.15% ($1.84 a year per share), has a dividend safety grade of B (76/100) and has 14 consecutive years of dividend increases on record.
Is USPH a good dividend stock?
YesU.S. Physical Therapy, Inc. (USPH) pays a quarterly dividend yielding 2.15% ($1.84/yr), with 14 years of growth and a dividend-safety grade of B. It scores well across payout coverage, growth history and safety — a dependable income holding.
Advantages
- 14 consecutive years of dividend growth
- Never cut its dividend on record
- Strong 7.1% 5-yr dividend growth
Risks
- Elevated payout ratio (1011%)
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 2.15%
- Payout Ratio
- 1011%
- Annual Dividend
- $1.84
- 5-Yr Avg Growth
- 7.1%
- Ex-Dividend Date
- Aug 21, 2026
- Years of Growth
- 14
- Frequency
- quarterly
- Beta
- 1.11
- Market Cap
- $1.3B
- P/E Ratio
- 476.2
- 5-Yr Total Return
- -0%
- 52-Week Range
- $58.19 – $93.50
- Dividend Safety
- B · 76/100
- Ever Cut?
- No
USPH dividend raises and cuts
U.S. Physical Therapy, Inc. (USPH) has raised its regular dividend 17 times and cut it 0 times across the 60 payments on record since 2011. Its most recent change was a 2.2% increase to $0.460 per share, going ex-dividend on Mar 13, 2026.
| Ex-date | Change | Old → new | Move |
|---|---|---|---|
| Mar 13, 2026 | Raise | $0.450 → $0.460 | +2.2% |
| Mar 14, 2025 | Raise | $0.440 → $0.450 | +2.3% |
| Mar 11, 2024 | Raise | $0.430 → $0.440 | +2.3% |
| Mar 9, 2023 | Raise | $0.410 → $0.430 | +4.9% |
| Mar 11, 2022 | Raise | $0.380 → $0.410 | +7.9% |
| Aug 19, 2021 | Raise | $0.350 → $0.380 | +8.6% |
| Mar 11, 2021 | Raise | $0.320 → $0.350 | +9.4% |
| Mar 12, 2020 | Raise | $0.300 → $0.320 | +6.7% |
| Aug 14, 2019 | Raise | $0.270 → $0.300 | +11.1% |
| Mar 19, 2019 | Raise | $0.230 → $0.270 | +17.4% |
| Mar 20, 2018 | Raise | $0.200 → $0.230 | +15.0% |
| Apr 12, 2017 | Raise | $0.170 → $0.200 | +17.6% |
Show all 17 changes since 2012
| Ex-date | Change | Old → new | Move |
|---|---|---|---|
| Mar 16, 2016 | Raise | $0.150 → $0.170 | +13.3% |
| Mar 18, 2015 | Raise | $0.120 → $0.150 | +25.0% |
| Mar 17, 2014 | Raise | $0.100 → $0.120 | +20.0% |
| Mar 13, 2013 | Raise | $0.0900 → $0.100 | +11.1% |
| Mar 13, 2012 | Raise | $0.0800 → $0.0900 | +12.5% |
Frequently Asked Questions
Is USPH a good dividend stock?
Yes. U.S. Physical Therapy, Inc. (USPH) pays a quarterly dividend yielding 2.15% ($1.84/yr), with 14 years of growth and a dividend-safety grade of B. It scores well across payout coverage, growth history and safety — a dependable income holding.
Is USPH undervalued?
Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, USPH's fair value is about $58.96 versus a $85.71 share price — so it looks overvalued (-31% vs. fair value).
Is USPH's dividend safe?
USPH has a dividend-safety grade of B (76/100), based on its payout coverage, free-cash-flow, 14-year growth streak, a clean no-cut history, debt and yield-versus-history.
What is USPH's fair value?
Our blended fair-value estimate for USPH is about $58.96 per share, about 31% below the current $85.71 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.
Is USPH a buy, hold, or sell?
We don't issue formal ratings, but on the data USPH screens as "yes" and overvalued. U.S. Physical Therapy, Inc. (USPH) pays a quarterly dividend yielding 2.15% ($1.84/yr), with 14 years of growth and a dividend-safety grade of B. It scores well across payout coverage, growth history and safety — a dependable income holding. This is research for your own analysis, not investment advice.
Will USPH cut its dividend?
USPH earns a dividend-safety grade of B (76/100), with no dividend cut on record. A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.
Does USPH pay a dividend?
Yes. U.S. Physical Therapy, Inc. pays a quarterly dividend of about $1.84 per share annually, a forward yield of roughly 2.15%.
What is USPH's dividend yield?
As of Oct 18, 2026, USPH's forward dividend yield is 2.15%, based on a $1.84 annual dividend and a $85.71 share price.
What is USPH's dividend per share?
As of Oct 18, 2026, USPH pays $1.84 per share per year, distributed on a quarterly basis.
What is USPH's dividend payout ratio?
As of Oct 18, 2026, USPH's payout ratio is 1011% of trailing 12-month earnings — an elevated level worth watching, as it leaves less cushion if earnings dip.
How many years has USPH grown its dividend?
As of Oct 18, 2026, USPH has increased its dividend for 14 consecutive years.
When is the next USPH ex-dividend date?
As of Oct 18, 2026, USPH's next ex-dividend date hasn't been announced. The most recent was Aug 21, 2026, for $0.46 per share.
USPH Price — Last 12 Months
Daily close
Price Return
1 Year
+16%
3 Years
+1%
5 Years
-0%
52-Week Range
$58.19 – $93.50
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is USPH worth?
Overvaluedmedium confidenceOur blended fair-value estimate for U.S. Physical Therapy, Inc. is $58.96 per share, versus a market price of $85.71. That implies 31% of downside.
Fair Value
$58.96
Current Price
$85.71
Downside
-31%
Margin of Safety
-45%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
At today's price, the market is pricing in about 12.9% annual free-cash-flow growth. We model 10.6% — so the price already assumes faster growth than we think is likely.
Assumptions: 9.9% discount rate (CAPM), 10.6% growth for five years fading to 2.5% over the next five, $0.18 EPS, $1.84 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
USPH Dividend Safety Score
Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
Full USPH dividend history →| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Aug 21, 2026 | Sep 11, 2026 | $0.4600 | regular |
| May 22, 2026 | Jun 12, 2026 | $0.4600 | regular |
| Mar 13, 2026 | Apr 10, 2026 | $0.4600 | regular |
| Nov 17, 2025 | Dec 12, 2025 | $0.4500 | regular |
| Aug 22, 2025 | Sep 12, 2025 | $0.4500 | regular |
| May 23, 2025 | Jun 13, 2025 | $0.4500 | regular |
| Mar 14, 2025 | Apr 11, 2025 | $0.4500 | regular |
| Nov 15, 2024 | Dec 6, 2024 | $0.4400 | regular |
| Aug 23, 2024 | Sep 13, 2024 | $0.4400 | regular |
| May 22, 2024 | Jun 14, 2024 | $0.4400 | regular |
| Mar 11, 2024 | Apr 5, 2024 | $0.4400 | regular |
| Nov 15, 2023 | Dec 8, 2023 | $0.4300 | regular |
| Aug 17, 2023 | Sep 8, 2023 | $0.4300 | regular |
| May 17, 2023 | Jun 9, 2023 | $0.4300 | regular |
Income Calculator
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