National HealthCare Co. Declares Quarterly Dividend of $0.61 (NYSE:NHC)

National HealthCare Co. (NYSE:NHC) announced a quarterly dividend on Monday, November 11th,Wall Street Journal reports. Stockholders of record on Monday, December 30th will be given a dividend of 0.61 per share on Friday, January 31st. This represents a $2.44 annualized dividend and a dividend yield of 1.80%. The ex-dividend date is Monday, December 30th.

National HealthCare has increased its dividend payment by an average of 4.0% annually over the last three years.

National HealthCare Stock Up 1.0 %

Shares of NHC stock opened at $135.76 on Tuesday. The company has a market cap of $2.09 billion, a P/E ratio of 17.01 and a beta of 0.41. National HealthCare has a 12-month low of $71.47 and a 12-month high of $138.49. The company’s 50-day moving average price is $123.69.

National HealthCare (NYSE:NHC) last announced its earnings results on Friday, August 9th. The company reported $1.00 EPS for the quarter. National HealthCare had a return on equity of 6.39% and a net margin of 7.74%. The business had revenue of $300.66 million for the quarter.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered National HealthCare from a “strong-buy” rating to a “buy” rating in a research note on Friday.

Insiders Place Their Bets

In other National HealthCare news, SVP Brian F. Kidd sold 2,000 shares of the business’s stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $130.01, for a total value of $260,020.00. Following the completion of the transaction, the senior vice president now directly owns 21,747 shares of the company’s stock, valued at approximately $2,827,327.47. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 13.75% of the company’s stock.

About National HealthCare

National HealthCare Corporation engages in the operation of services to skilled nursing facilities, assisted and independent living facilities, homecare and hospice agencies, and health hospitals. Its skilled nursing facilities offer licensed therapy services, nutrition services, social services, activities, and housekeeping and laundry services, as well as medical services prescribed by physicians; and rehabilitative services, such as physical, speech, respiratory, and occupational therapy for patients recovering from strokes, heart attacks, orthopedic conditions, neurological illnesses, or other illnesses, injuries, or disabilities.