Select Medical Holdings Corporation (NYSE:SEM – Get Free Report) declared a quarterly dividend on Wednesday, April 29th. Investors of record on Thursday, May 14th will be paid a dividend of 0.0625 per share by the health services provider on Thursday, May 28th. This represents a c) annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Thursday, May 14th.
Select Medical has a payout ratio of 19.1% meaning its dividend is sufficiently covered by earnings. Analysts expect Select Medical to earn $1.44 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 17.4%.
Select Medical Price Performance
Shares of NYSE:SEM opened at $16.44 on Tuesday. The company has a market cap of $2.04 billion, a price-to-earnings ratio of 15.50, a PEG ratio of 0.94 and a beta of 1.02. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.15 and a quick ratio of 1.15. The firm has a 50 day simple moving average of $16.29 and a 200 day simple moving average of $15.34. Select Medical has a one year low of $11.65 and a one year high of $16.99.
Hedge Funds Weigh In On Select Medical
Large investors have recently modified their holdings of the business. Quarry LP bought a new position in shares of Select Medical during the fourth quarter valued at $26,000. Caitong International Asset Management Co. Ltd bought a new position in Select Medical during the fourth quarter worth $28,000. Quantbot Technologies LP bought a new position in Select Medical during the third quarter worth $27,000. Hantz Financial Services Inc. raised its stake in Select Medical by 214.7% during the fourth quarter. Hantz Financial Services Inc. now owns 2,549 shares of the health services provider’s stock worth $38,000 after buying an additional 1,739 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised its stake in Select Medical by 37.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,870 shares of the health services provider’s stock worth $43,000 after buying an additional 788 shares during the last quarter. Institutional investors own 89.48% of the company’s stock.
About Select Medical
Select Medical is a leading provider of specialized healthcare services in the United States, operating through two primary business segments: Hospital Division and Outpatient Rehabilitation Division. The Hospital Division offers long-term acute care (LTAC) hospitals and inpatient rehabilitation facilities (IRFs) that serve patients recovering from complex illnesses, trauma or surgery. The Outpatient Rehabilitation Division delivers physical, occupational and speech therapy services through a network of clinic locations and home-based care programs.
Headquartered in Mechanicsburg, Pennsylvania, Select Medical was founded in 1996 and has grown through strategic partnerships, joint ventures and acquisitions.
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