Select Medical Holdings Co. Declares Quarterly Dividend of $0.13 (NYSE:SEM)

Select Medical Holdings Co. (NYSE:SEM - Get Free Report) declared a quarterly dividend on Thursday, May 2nd, Zacks reports. Shareholders of record on Thursday, May 16th will be given a dividend of 0.125 per share by the health services provider on Thursday, May 30th. This represents a $0.50 annualized dividend and a yield of 1.59%. The ex-dividend date is Wednesday, May 15th.

Select Medical has a payout ratio of 23.4% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Select Medical to earn $2.33 per share next year, which means the company should continue to be able to cover its $0.50 annual dividend with an expected future payout ratio of 21.5%.

Select Medical Stock Up 10.5 %

Shares of NYSE SEM traded up $2.98 during mid-day trading on Friday, reaching $31.43. 1,993,546 shares of the company traded hands, compared to its average volume of 504,667. The company's fifty day moving average is $28.42 and its two-hundred day moving average is $25.93. The company has a debt-to-equity ratio of 2.32, a quick ratio of 1.01 and a current ratio of 1.01. Select Medical has a fifty-two week low of $21.28 and a fifty-two week high of $33.51. The stock has a market cap of $4.03 billion, a PE ratio of 14.97, a price-to-earnings-growth ratio of 1.12 and a beta of 1.38.

Select Medical (NYSE:SEM - Get Free Report) last announced its quarterly earnings results on Friday, February 23rd. The health services provider reported $0.36 EPS for the quarter, beating the consensus estimate of $0.31 by $0.05. The company had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.64 billion. Select Medical had a return on equity of 18.45% and a net margin of 3.97%. The company's revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.22 earnings per share. On average, analysts expect that Select Medical will post 2.03 earnings per share for the current year.

Insider Activity

In related news, Chairman Robert A. Ortenzio sold 50,000 shares of the firm's stock in a transaction on Monday, April 8th. The stock was sold at an average price of $29.90, for a total value of $1,495,000.00. Following the completion of the transaction, the chairman now directly owns 6,689,668 shares of the company's stock, valued at $200,021,073.20. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 19.14% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. StockNews.com upgraded Select Medical from a "hold" rating to a "buy" rating in a research note on Friday, March 22nd. Benchmark reissued a "buy" rating and issued a $39.00 price objective on shares of Select Medical in a research report on Friday. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $34.40.

About Select Medical

Select Medical Holdings Corporation, through its subsidiaries, operates critical illness recovery hospitals, rehabilitation hospitals, outpatient rehabilitation clinics, and occupational health centers in the United States. It operates in four segments: Critical Illness Recovery Hospital, Rehabilitation Hospital, Outpatient Rehabilitation, and Concentra.