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

Select Medical Holdings Co. (NYSE:SEM) announced a quarterly dividend on Wednesday, October 30th, NASDAQ reports. Stockholders of record on Wednesday, November 13th will be paid a dividend of 0.125 per share by the health services provider on Tuesday, November 26th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date of this dividend is Wednesday, November 13th.

Select Medical has a dividend payout ratio of 25.1% meaning its dividend is sufficiently covered by earnings. Analysts expect Select Medical to earn $2.17 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 23.0%.

Select Medical Stock Performance

Shares of NYSE:SEM traded up $3.87 during trading on Friday, hitting $35.95. 1,544,578 shares of the company traded hands, compared to its average volume of 602,303. The business’s fifty day moving average is $34.25 and its 200-day moving average is $33.91. The stock has a market capitalization of $4.67 billion, a price-to-earnings ratio of 17.38, a PEG ratio of 2.03 and a beta of 1.41. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 2.11. Select Medical has a one year low of $21.28 and a one year high of $40.50.

Select Medical (NYSE:SEM) last issued its quarterly earnings results on Thursday, August 1st. The health services provider reported $0.60 earnings per share for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.01). Select Medical had a net margin of 3.91% and a return on equity of 17.50%. The business had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.74 billion. During the same period in the previous year, the company posted $0.61 earnings per share. Select Medical’s revenue was up 5.1% compared to the same quarter last year. As a group, equities analysts predict that Select Medical will post 2.03 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently issued reports on SEM. Bank of America initiated coverage on Select Medical in a research report on Tuesday, August 20th. They set a “buy” rating and a $42.00 price objective for the company. Benchmark reissued a “buy” rating and set a $48.00 price objective on shares of Select Medical in a report on Friday. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $39.00.

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.