National HealthCare Co. (NYSE:NHC) Declares Quarterly Dividend of $0.64

Key Points

• National HealthCare Co. announced a quarterly dividend of $0.64 per share, payable on October 31st to shareholders of record by September 30th, resulting in an annualized dividend yield of 2.6%.
• The stock price of National HealthCare rose by 4.1% to $100.38 during trading, with a market cap of $1.55 billion and a P/E ratio of 12.58.
• Analysts at Wall Street Zen upgraded National HealthCare from a "buy" to a "strong-buy" rating, indicating increased confidence in the company's stock performance.

National HealthCare Co. (NYSE:NHC - Get Free Report) declared a quarterly dividend on Friday, August 8th, Wall Street Journal reports. Stockholders of record on Tuesday, September 30th will be given a dividend of 0.64 per share on Friday, October 31st. This represents a c) dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Tuesday, September 30th.

National HealthCare Price Performance

Shares of NYSE NHC traded up $1.34 during mid-day trading on Tuesday, reaching $104.77. The company's stock had a trading volume of 533 shares, compared to its average volume of 59,651. The firm has a market capitalization of $1.62 billion, a PE ratio of 13.13 and a beta of 0.58. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.80 and a quick ratio of 1.77. The stock has a fifty day moving average of $102.06 and a two-hundred day moving average of $98.57. National HealthCare has a 52 week low of $89.14 and a 52 week high of $137.53.

Analyst Ratings Changes

Separately, Wall Street Zen raised National HealthCare from a "buy" rating to a "strong-buy" rating in a research note on Monday, May 12th.

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.