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

National HealthCare Co. (NYSE:NHC) declared 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 raised its dividend payment by an average of 4.0% per year over the last three years.

National HealthCare Stock Up 1.0 %

Shares of NHC stock opened at $135.76 on Tuesday. National HealthCare has a 12-month low of $71.47 and a 12-month high of $138.49. The company has a fifty day moving average price of $123.69. The firm has a market cap of $2.09 billion, a price-to-earnings ratio of 17.01 and a beta of 0.41.

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

Wall Street Analyst Weigh In

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

Insider Buying and Selling

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

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.