HCA Healthcare, Inc. (NYSE:HCA) to Issue $0.72 Quarterly Dividend

Key Points

• HCA Healthcare, Inc. announced a quarterly dividend of $0.72 per share, with the payment date set for December 29th, 2023, for investors of record on December 15th.
• The company's earnings report revealed a quarterly EPS of $6.96, exceeding analysts' expectations of $5.64, along with revenue of $19.16 billion, higher than the anticipated $18.55 billion.
• HCA Healthcare has a low dividend payout ratio of 10.3%, indicating that its dividend is well-covered by earnings, and is projected to maintain this coverage in the future.

HCA Healthcare, Inc. (NYSE:HCA - Get Free Report) declared a quarterly dividend on Friday, October 24th. Investors of record on Monday, December 15th will be paid a dividend of 0.72 per share on Monday, December 29th. This represents a c) annualized dividend and a yield of 0.6%. The ex-dividend date is Monday, December 15th.

HCA Healthcare has a dividend payout ratio of 10.3% meaning its dividend is sufficiently covered by earnings. Equities analysts expect HCA Healthcare to earn $28.03 per share next year, which means the company should continue to be able to cover its $2.88 annual dividend with an expected future payout ratio of 10.3%.

HCA Healthcare Stock Up 1.5%

HCA traded up $6.42 during trading hours on Friday, hitting $446.58. 2,847,054 shares of the company's stock were exchanged, compared to its average volume of 1,503,942. HCA Healthcare has a 1-year low of $289.98 and a 1-year high of $461.56. The stock's 50-day moving average is $413.82 and its two-hundred day moving average is $380.88. The stock has a market cap of $104.50 billion, a price-to-earnings ratio of 18.77, a PEG ratio of 1.39 and a beta of 1.40.

HCA Healthcare (NYSE:HCA - Get Free Report) last announced its earnings results on Friday, October 24th. The company reported $6.96 EPS for the quarter, topping the consensus estimate of $5.64 by $1.32. The business had revenue of $19.16 billion during the quarter, compared to analysts' expectations of $18.55 billion. HCA Healthcare had a net margin of 8.21% and a negative return on equity of 7,363.11%. The firm's revenue was up 9.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $4.90 earnings per share. HCA Healthcare has set its FY 2025 guidance at 27.000-28.000 EPS. On average, equities research analysts anticipate that HCA Healthcare will post 24.98 EPS for the current year.

HCA Healthcare Company Profile

HCA Healthcare, Inc, through its subsidiaries, owns and operates hospitals and related healthcare entities in the United States. It operates general and acute care hospitals that offers medical and surgical services, including inpatient care, intensive care, cardiac care, diagnostic, and emergency services; and outpatient services, such as outpatient surgery, laboratory, radiology, respiratory therapy, cardiology, and physical therapy.

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