Select Medical Holdings Co. (SEM) to Issue Quarterly Dividend of $0.13 on May 30th

Select Medical Holdings Co. (NYSE:SEM) declared a quarterly dividend on Thursday, May 2nd, Zacks reports. Shareholders of record on Thursday, May 16th will be given 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. 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 Stock Performance

Shares of SEM stock traded up $2.98 during midday trading on Friday, hitting $31.43. 1,993,546 shares of the company were exchanged, compared to its average volume of 504,667. The firm has a market capitalization of $4.03 billion, a P/E ratio of 14.97, a PEG ratio of 1.12 and a beta of 1.38. The company has a debt-to-equity ratio of 2.32, a quick ratio of 1.01 and a current ratio of 1.01. Select Medical has a 52 week low of $21.28 and a 52 week high of $33.51. The firm’s 50 day moving average price is $28.42 and its two-hundred day moving average price is $25.92.

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

Analyst Upgrades and Downgrades

Several brokerages have weighed in on SEM. Benchmark reiterated a “buy” rating and issued 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 research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $34.40.

Insider Buying and Selling

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

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.