National HealthCare (NYSEAMERICAN:NHC) Shares Pass Above 200-Day Moving Average - Here's What Happened

Key Points

• Shares of National HealthCare Corporation crossed above its 200-day moving average during trading, reaching a high of $122.26 before closing at $121.50.
• The company announced a quarterly dividend of $0.64 per share, which will be paid on October 31st, representing a 2.1% dividend yield.
• National HealthCare has a market capitalization of $1.88 billion and a PE ratio of 18.11, indicating strong stock performance in the healthcare sector.

Shares of National HealthCare Corporation (NYSEAMERICAN:NHC - ) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $104.87 and traded as high as $122.26. National HealthCare shares last traded at $121.50, with a volume of 67,317 shares trading hands.

National HealthCare Stock Performance

The stock has a market capitalization of $1.88 billion, a PE ratio of 18.11 and a beta of 0.58. The stock has a 50-day moving average price of $114.60 and a two-hundred day moving average price of $104.87.

National HealthCare Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Tuesday, September 30th will be given a dividend of $0.64 per share. This represents a $2.56 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend is Tuesday, September 30th. National HealthCare's payout ratio is presently 59.12%.

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.

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