Kindred Healthcare Inc. (NYSE:KND) announced a quarterly dividend on Tuesday, November 8th. Shareholders of record on Monday, November 21st will be given a dividend of 0.12 per share on Friday, December 9th. This represents a $0.48 annualized dividend and a yield of 7.33%. The ex-dividend date of this dividend is Thursday, November 17th.

Shares of Kindred Healthcare (NYSE:KND) opened at 6.55 on Friday. The company’s market capitalization is $557.97 million. Kindred Healthcare has a 1-year low of $5.65 and a 1-year high of $15.66. The firm has a 50-day moving average of $9.39 and a 200 day moving average of $11.09.

Kindred Healthcare (NYSE:KND) last announced its quarterly earnings data on Monday, November 7th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.06 by $0.01. The firm earned $1.79 billion during the quarter, compared to analysts’ expectations of $1.77 billion. Kindred Healthcare had a positive return on equity of 5.78% and a negative net margin of 8.31%. The business’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same period last year, the company earned $0.23 earnings per share. On average, analysts anticipate that Kindred Healthcare will post $0.90 EPS for the current year.

Dividend History for Kindred Healthcare (NYSE:KND)

A number of institutional investors have recently added to or reduced their stakes in the stock. AQR Capital Management LLC raised its position in Kindred Healthcare by 271.7% in the second quarter. AQR Capital Management LLC now owns 524,120 shares of the company’s stock valued at $5,917,000 after buying an additional 383,106 shares during the period. Teachers Advisors Inc. raised its position in Kindred Healthcare by 56.3% in the second quarter. Teachers Advisors Inc. now owns 945,083 shares of the company’s stock valued at $10,670,000 after buying an additional 340,526 shares during the period. BlackRock Fund Advisors raised its position in Kindred Healthcare by 4.8% in the second quarter. BlackRock Fund Advisors now owns 5,976,144 shares of the company’s stock valued at $67,471,000 after buying an additional 271,573 shares during the period. State Street Corp raised its position in Kindred Healthcare by 6.7% in the second quarter. State Street Corp now owns 2,262,885 shares of the company’s stock valued at $25,549,000 after buying an additional 141,988 shares during the period. Finally, Panagora Asset Management Inc. raised its position in Kindred Healthcare by 111.3% in the second quarter. Panagora Asset Management Inc. now owns 250,533 shares of the company’s stock valued at $2,829,000 after buying an additional 131,963 shares during the period. Institutional investors and hedge funds own 95.90% of the company’s stock.

A number of brokerages have recently issued reports on KND. Stifel Nicolaus cut shares of Kindred Healthcare from a “hold” rating to a “sell” rating and reduced their price objective for the stock from $10.00 to $5.00 in a research note on Tuesday. JPMorgan Chase & Co. reissued a “hold” rating and issued a $11.00 price objective on shares of Kindred Healthcare in a research note on Thursday. TheStreet cut shares of Kindred Healthcare from a “hold” rating to a “sell” rating in a research note on Tuesday. RBC Capital Markets cut shares of Kindred Healthcare from an “outperform” rating to a “sector perform” rating and reduced their price objective for the stock from $16.00 to $9.00 in a research note on Thursday. Finally, BMO Capital Markets cut shares of Kindred Healthcare to an “underperform” rating in a research note on Thursday. Five investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $10.67.

About Kindred Healthcare

Kindred Healthcare, Inc is a healthcare services company. The Company operates through four divisions, including the hospital division, the Kindred at Home division, the Kindred Rehabilitation Services division and the nursing center division. Its divisions represent over six segments, including hospitals, home health services, hospice services, Kindred Hospital Rehabilitation Services, RehabCare and nursing centers.

5 Day Chart for NYSE:KND

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