National HealthCare Corporation Announces Quarterly Dividend of $0.67 (NYSEAMERICAN:NHC)

Key Points

• National HealthCare declared a quarterly dividend of $0.67 per share, payable October 30 to shareholders of record September 30. The dividend yields approximately 1.2%, and the company has raised its payout annually for the past 10 years.
• For the latest quarter, National HealthCare reported EPS of $1.74 and revenue of $408.03 million, with a 9.98% return on equity and an 8.10% net margin.
• Analyst sentiment is positive: two firms rate the stock Strong Buy and two rate it Hold, producing a consensus rating of Buy. Shares opened at $219.45, near their 52-week high of $232.67.

National HealthCare Corporation (NYSEAMERICAN:NHC - Get Free Report) declared a quarterly dividend on Thursday, August 6th. Shareholders of record on Wednesday, September 30th will be paid a dividend of 0.67 per share on Friday, October 30th. This represents a c) annualized dividend and a yield of 1.2%. The ex-dividend date is Wednesday, September 30th.

National HealthCare has raised its dividend payment by an average of 0.0%annually over the last three years and has raised its dividend every year for the last 10 years.

National HealthCare Price Performance

NHC opened at $219.45 on Friday. The stock has a market cap of $3.43 billion, a P/E ratio of 27.88 and a beta of 0.61. National HealthCare has a 1-year low of $95.20 and a 1-year high of $232.67. The stock's 50 day simple moving average is $208.41 and its 200 day simple moving average is $181.21.

National HealthCare (NYSEAMERICAN:NHC - Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The company reported $1.74 earnings per share (EPS) for the quarter. National HealthCare had a return on equity of 9.98% and a net margin of 8.10%.The business had revenue of $408.03 million during the quarter.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. The Goldman Sachs Group upgraded National HealthCare to a "strong-buy" rating in a research note on Monday, May 18th. BMO Capital Markets raised shares of National HealthCare to a "hold" rating in a research report on Monday, May 18th. Robert W. Baird upgraded shares of National HealthCare to a "strong-buy" rating in a research note on Monday, May 18th. Finally, Royal Bank Of Canada raised National HealthCare to a "hold" rating in a research report on Monday, May 18th. Two investment analysts have rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy".

About National HealthCare

National HealthCare Corporation (NYSE American: NHC) is a healthcare services company specializing in long-term care and post-acute rehabilitation. The company operates skilled nursing facilities, assisted living communities and outpatient therapy clinics. Through its subsidiary, National HealthCare Partners, NHC provides contract rehabilitation services, pharmacy management and clinical consulting to a broad network of senior living and healthcare providers.

Headquartered in Murfreesboro, Tennessee, National HealthCare Corporation has built a regional footprint across the southeastern and south-central United States.

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