HEALTH AND REHABILITATION <HRP> INITIAL PAYOUT
Health and Rehabilitation
Properties Trust said it declared an intitial dividend of 55
cts per share for the period ending March 31, 1987
    The dividend will be payed May 20 to shareholders of record
on April 20, the company said.
    The company said it organized in late 1986 and closed its
intitial public offering of shares Dec 23, 1986.
    The initital dividend includes five cts attributable to the
period between Dec 23 and 31, 1986, and 50 cts attributable to
the first qtr of 1987, ending March 31, 1987.
 Reuter
