National HealthCare Co. (NHC) to Issue Quarterly Dividend of $0.61 on April 25th

National HealthCare Co. (NYSE:NHC) announced a quarterly dividend on Friday, February 14th, RTT News reports. Shareholders of record on Friday, March 28th will be given a dividend of 0.61 per share on Friday, April 25th. This represents a $2.44 annualized dividend and a dividend yield of 2.70%. The ex-dividend date of this dividend is Friday, March 28th.

National HealthCare has raised its dividend payment by an average of 4.7% annually over the last three years.

National HealthCare Stock Down 1.2 %

Shares of NYSE NHC opened at $90.37 on Wednesday. The firm has a market cap of $1.40 billion, a P/E ratio of 11.32 and a beta of 0.41. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.77 and a current ratio of 1.80. National HealthCare has a 1 year low of $87.03 and a 1 year high of $138.49. The firm’s 50 day moving average price is $96.73 and its 200 day moving average price is $111.76.

Analysts Set New Price Targets

Separately, StockNews.com downgraded National HealthCare from a “strong-buy” rating to a “buy” rating in a research report on Monday, March 3rd.

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.