Select Medical Holdings Co. to Issue Quarterly Dividend of $0.06 (NYSE:SEM)

Select Medical Holdings Co. (NYSE:SEM) declared a quarterly dividend on Thursday, February 13th, Wall Street Journal reports. Shareholders of record on Monday, March 3rd will be paid a dividend of 0.0625 per share by the health services provider on Thursday, March 13th. This represents a $0.25 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date of this dividend is Monday, March 3rd.

Select Medical has raised its dividend by an average of 10.1% per year over the last three years. Select Medical has a dividend payout ratio of 17.9% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Select Medical to earn $1.41 per share next year, which means the company should continue to be able to cover its $0.25 annual dividend with an expected future payout ratio of 17.7%.

Select Medical Stock Performance

Select Medical stock traded down $0.27 during mid-day trading on Friday, reaching $18.19. 2,143,734 shares of the company traded hands, compared to its average volume of 932,006. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.13 and a quick ratio of 1.13. Select Medical has a fifty-two week low of $16.20 and a fifty-two week high of $40.98. The company has a market capitalization of $2.35 billion, a price-to-earnings ratio of 11.02, a price-to-earnings-growth ratio of 0.64 and a beta of 1.45. The firm’s fifty day moving average is $19.06 and its two-hundred day moving average is $27.48.

Select Medical (NYSE:SEM) last released its quarterly earnings data on Thursday, February 20th. The health services provider reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.11). The business had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.50 billion. Select Medical had a return on equity of 14.04% and a net margin of 3.23%. On average, equities research analysts expect that Select Medical will post 1.17 earnings per share for the current fiscal year.

Insider Transactions at Select Medical

In other news, VP Robert G. Breighner, Jr. sold 4,989 shares of the firm’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $19.95, for a total value of $99,530.55. Following the transaction, the vice president now directly owns 30,356 shares of the company’s stock, valued at approximately $605,602.20. This trade represents a 14.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 17.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on SEM. Benchmark raised shares of Select Medical from a “hold” rating to a “buy” rating and set a $23.00 price target on the stock in a report on Monday, February 24th. StockNews.com raised shares of Select Medical from a “hold” rating to a “buy” rating in a report on Friday, February 21st. Royal Bank of Canada decreased their price objective on shares of Select Medical from $47.00 to $23.00 and set an “outperform” rating on the stock in a report on Monday, February 24th. Finally, UBS Group decreased their price objective on shares of Select Medical from $40.00 to $21.00 and set a “neutral” rating on the stock in a report on Friday, January 3rd. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $27.25.

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.