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

Select Medical Holdings Co. (NYSE:SEM) 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 dividend on an annualized basis and a dividend 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. Research 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, hitting $31.43. 1,993,546 shares of the stock traded hands, compared to its average volume of 504,667. The company has a market cap of $4.03 billion, a price-to-earnings ratio of 14.98, a PEG ratio of 1.12 and a beta of 1.38. The stock has a fifty day moving average price of $28.42 and a 200-day moving average price of $25.92. Select Medical has a 52 week low of $21.28 and a 52 week high of $33.51. 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 (NYSE:SEM) last announced its earnings results on Friday, February 23rd. The health services provider reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.05. The firm had revenue of $1.66 billion for the quarter, compared to analysts’ expectations of $1.64 billion. Select Medical had a net margin of 3.97% and a return on equity of 18.45%. The company’s quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.22 EPS. Research analysts anticipate that Select Medical will post 2.03 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Benchmark reiterated a “buy” rating and set a $39.00 target price on shares of Select Medical in a report on Friday. StockNews.com upgraded Select Medical from a “hold” rating to a “buy” rating in a research note on Friday, March 22nd. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $34.40.

Insider Activity at Select Medical

In other Select Medical news, Chairman Robert A. Ortenzio sold 50,000 shares of Select Medical 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 sale, the chairman now owns 6,689,668 shares of the company’s stock, valued at approximately $200,021,073.20. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 19.14% of the stock is currently owned by insiders.

Select Medical Company Profile

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.