Select Medical Holdings Co. Plans Quarterly Dividend of $0.13 (NYSE:SEM)

Select Medical Holdings Co. (NYSE:SEM) declared a quarterly dividend on Thursday, May 2nd, Zacks reports. Stockholders of record on Thursday, May 16th will be paid a dividend of 0.125 per share by the health services provider on Thursday, May 30th. This represents a $0.50 annualized dividend and a dividend yield of 1.59%. The ex-dividend date of this dividend is Wednesday, May 15th.

Select Medical has a dividend payout ratio of 23.4% meaning its dividend is sufficiently covered by earnings. Research analysts expect Select Medical to earn $2.33 per share next year, which means the company should continue to be able to cover its $0.50 annual dividend with an expected future payout ratio of 21.5%.

Select Medical Trading Up 10.5 %

Shares of NYSE:SEM traded up $2.98 during midday trading on Friday, hitting $31.43. 1,993,546 shares of the stock traded hands, compared to its average volume of 504,667. The stock has a market capitalization of $4.03 billion, a PE ratio of 14.97, a P/E/G ratio of 1.12 and a beta of 1.38. The business’s 50 day moving average is $28.42 and its two-hundred day moving average is $25.92. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 2.32. Select Medical has a one year low of $21.28 and a one year high of $33.51.

Select Medical (NYSE:SEM) last issued its quarterly earnings data on Friday, February 23rd. The health services provider reported $0.36 EPS for the quarter, beating the consensus estimate of $0.31 by $0.05. The firm had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.64 billion. Select Medical had a net margin of 3.97% and a return on equity of 18.45%. The company’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.22 earnings per share. As a group, research analysts forecast that Select Medical will post 2.03 earnings per share for the current year.

Insiders Place Their Bets

In other Select Medical news, Chairman Robert A. Ortenzio sold 50,000 shares of the company’s stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $29.90, for a total value of $1,495,000.00. Following the sale, the chairman now owns 6,689,668 shares in the company, valued at $200,021,073.20. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 19.14% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Benchmark reaffirmed a “buy” rating and set a $39.00 price objective on shares of Select Medical in a research note on Friday. StockNews.com upgraded shares of Select Medical from a “hold” rating to a “buy” rating in a research report on Friday, March 22nd. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $34.40.

Select Medical Company Profile

Select Medical Holdings Corporation, through its subsidiaries, operates critical illness recovery hospitals, rehabilitation hospitals, outpatient rehabilitation clinics, and occupational health centers in the United States. It operates in four segments: Critical Illness Recovery Hospital, Rehabilitation Hospital, Outpatient Rehabilitation, and Concentra.