Select Medical Holdings Corporation (SEM) to Issue Quarterly Dividend of $0.06 on November 25th

Select Medical Holdings Corporation (NYSE:SEM) announced a quarterly dividend on Wednesday, October 29th. Investors of record on Wednesday, November 12th will be given a dividend of 0.0625 per share by the health services provider on Tuesday, November 25th. This represents a c) dividend on an annualized basis and a yield of 1.9%. The ex-dividend date is Wednesday, November 12th.

Select Medical has a dividend payout ratio of 19.1% indicating that its dividend is sufficiently covered by earnings. 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 Price Performance

Shares of SEM stock opened at $13.30 on Monday. The business’s 50 day moving average price is $13.20 and its 200-day moving average price is $14.08. Select Medical has a fifty-two week low of $11.65 and a fifty-two week high of $40.98. The firm has a market cap of $1.65 billion, a P/E ratio of 12.55, a P/E/G ratio of 0.57 and a beta of 1.30. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.15 and a current ratio of 1.15.

Select Medical (NYSE:SEM) last issued its quarterly earnings data on Thursday, October 30th. The health services provider reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.05. Select Medical had a net margin of 2.37% and a return on equity of 8.87%. The business had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.33 billion. During the same period in the previous year, the firm earned $0.43 EPS. The company’s quarterly revenue was up 7.2% compared to the same quarter last year. Select Medical has set its FY 2025 guidance at 1.140-1.240 EPS. On average, equities research analysts anticipate that Select Medical will post 1.17 earnings per share for the current year.

Institutional Investors Weigh In On Select Medical

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SEM. Advisors Asset Management Inc. lifted its position in shares of Select Medical by 13.2% in the second quarter. Advisors Asset Management Inc. now owns 7,135 shares of the health services provider’s stock valued at $108,000 after acquiring an additional 834 shares in the last quarter. Brucke Financial Inc. lifted its holdings in Select Medical by 7.0% in the 2nd quarter. Brucke Financial Inc. now owns 13,638 shares of the health services provider’s stock worth $207,000 after purchasing an additional 898 shares in the last quarter. Wilmington Savings Fund Society FSB boosted its stake in Select Medical by 20.9% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 5,784 shares of the health services provider’s stock worth $74,000 after purchasing an additional 999 shares during the period. Caitong International Asset Management Co. Ltd raised its position in shares of Select Medical by 61.6% during the first quarter. Caitong International Asset Management Co. Ltd now owns 2,703 shares of the health services provider’s stock valued at $45,000 after buying an additional 1,030 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund lifted its holdings in shares of Select Medical by 5.1% in the third quarter. Oregon Public Employees Retirement Fund now owns 24,816 shares of the health services provider’s stock worth $319,000 after buying an additional 1,200 shares in the last quarter. Institutional investors own 89.48% of the company’s stock.

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.