National HealthCare Co. (NHC) to Issue Quarterly Dividend of $0.59 on November 1st

Posted by Defense World Staff on Aug 9th, 2023

National HealthCare Co. (NYSEAMERICAN:NHC – Get Free Report) announced a quarterly dividend on Monday, August 7th, Wall Street Journal reports. Investors of record on Friday, September 29th will be paid a dividend of 0.59 per share on Wednesday, November 1st. This represents a $2.36 dividend on an annualized basis and a dividend yield of 3.48%. The ex-dividend date of this dividend is Thursday, September 28th.

National HealthCare has increased its dividend by an average of 3.1% annually over the last three years and has increased its dividend every year for the last 19 years.

National HealthCare Trading Up 1.2 %

Shares of NYSEAMERICAN NHC opened at $67.83 on Wednesday. National HealthCare has a 1 year low of $51.56 and a 1 year high of $70.78. The company has a market cap of $1.04 billion, a price-to-earnings ratio of 23.69 and a beta of 0.28. The firm’s fifty day moving average price is $57.12.

National HealthCare (NYSEAMERICAN:NHC – Get Free Report) last announced its quarterly earnings data on Friday, August 4th. The company reported $0.89 EPS for the quarter. The company had revenue of $282.58 million during the quarter. National HealthCare had a return on equity of 4.93% and a net margin of 2.94%.

Insider Buying and Selling

In other news, Director Ernest G. Burgess III acquired 2,300 shares of the firm’s stock in a transaction on Monday, May 15th. The shares were purchased at an average cost of $58.85 per share, for a total transaction of $135,355.00. Following the transaction, the director now owns 83,000 shares of the company’s stock, valued at $4,884,550. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. In related news, Director Ernest G. Burgess III acquired 2,300 shares of the company’s stock in a transaction that occurred on Monday, May 15th. The stock was acquired at an average price of $58.85 per share, for a total transaction of $135,355.00. Following the completion of the acquisition, the director now owns 83,000 shares of the company’s stock, valued at approximately $4,884,550. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Richard F. Laroche, Jr. bought 2,100 shares of National HealthCare stock in a transaction on Thursday, June 29th. The shares were bought at an average price of $61.40 per share, for a total transaction of $128,940.00. Following the acquisition, the director now owns 196,413 shares of the company’s stock, valued at approximately $12,059,758.20. The disclosure for this purchase can be found here. 13.90% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On National HealthCare

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Advisor Group Holdings Inc. increased its position in shares of National HealthCare by 31.5% during the 1st quarter. Advisor Group Holdings Inc. now owns 1,554 shares of the company’s stock worth $101,000 after purchasing an additional 372 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of National HealthCare by 0.5% in the 1st quarter. Bank of New York Mellon Corp now owns 132,372 shares of the company’s stock valued at $9,296,000 after buying an additional 647 shares in the last quarter. Bank of Montreal Can acquired a new position in National HealthCare during the first quarter valued at approximately $204,000. MetLife Investment Management LLC raised its holdings in shares of National HealthCare by 26.2% during the 1st quarter. MetLife Investment Management LLC now owns 6,619 shares of the company’s stock worth $465,000 after buying an additional 1,373 shares in the last quarter. Finally, Panagora Asset Management Inc. lifted its holdings in shares of National HealthCare by 6.3% in the first quarter. Panagora Asset Management Inc. now owns 9,965 shares of the company’s stock worth $700,000 after acquiring an additional 593 shares during the last quarter. 46.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on National HealthCare in a report on Thursday, May 18th. They set a “buy” rating on the stock.

View Our Latest Stock Analysis on NHC

About National HealthCare

(Get Free Report)

National HealthCare Corporation operates, manages, and provides services to skilled nursing facilities, assisted living facilities, independent living facilities, homecare and hospice agencies, and a behavioral health hospital. 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.