National HealthCare Co. (NYSE:NHC) to Issue $0.61 Quarterly Dividend

National HealthCare Co. (NYSE:NHC) announced a quarterly dividend on Thursday, August 8th, Wall Street Journal reports. Stockholders of record on Monday, September 30th will be given a dividend of 0.61 per share on Friday, November 1st. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.97%. The ex-dividend date of this dividend is Monday, September 30th.

National HealthCare has increased its dividend by an average of 4.0% annually over the last three years and has increased its dividend annually for the last 9 consecutive years.

National HealthCare Price Performance

Shares of NYSE NHC opened at $124.01 on Friday. The company has a market capitalization of $1.91 billion, a P/E ratio of 23.58 and a beta of 0.41. National HealthCare has a twelve month low of $63.44 and a twelve month high of $138.49. The business’s fifty day moving average price is $128.16.

National HealthCare (NYSE:NHC) last posted its quarterly earnings data on Friday, August 9th. The company reported $1.00 earnings per share for the quarter. National HealthCare had a return on equity of 6.39% and a net margin of 7.74%. The firm had revenue of $300.66 million during the quarter.

Insiders Place Their Bets

In related news, SVP Brian F. Kidd sold 2,000 shares of the business’s stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $130.01, for a total transaction of $260,020.00. Following the transaction, the senior vice president now owns 21,747 shares in the company, valued at approximately $2,827,327.47. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 13.75% of the stock is currently owned by corporate insiders.

National HealthCare Company Profile

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.