HEALTH AND REHABILITATION &lt;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.
  

