Select Medical Holdings Co. (NYSE:SEM) Declares Quarterly Dividend of $0.13

Select Medical Holdings Co. (NYSE:SEM) announced a quarterly dividend on Thursday, May 2nd, Zacks reports. Investors of record on Thursday, May 16th will be given a dividend of 0.125 per share by the health services provider on Thursday, May 30th. This represents a $0.50 dividend on an annualized basis and a yield of 1.59%. The ex-dividend date is Wednesday, May 15th.

Select Medical has a payout ratio of 23.4% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Select Medical to earn $2.33 per share next year, which means the company should continue to be able to cover its $0.50 annual dividend with an expected future payout ratio of 21.5%.

Select Medical Stock Up 10.5 %

NYSE:SEM traded up $2.98 during midday trading on Friday, reaching $31.43. 1,993,546 shares of the stock traded hands, compared to its average volume of 504,667. Select Medical has a 12-month low of $21.28 and a 12-month high of $33.51. The business has a 50-day moving average of $28.42 and a two-hundred day moving average of $25.92. The company has a debt-to-equity ratio of 2.32, a quick ratio of 1.01 and a current ratio of 1.01. The stock has a market capitalization of $4.03 billion, a PE ratio of 14.97, a price-to-earnings-growth ratio of 1.12 and a beta of 1.38.

Select Medical (NYSE:SEM) last issued its quarterly earnings results on Friday, February 23rd. The health services provider reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.05. Select Medical had a net margin of 3.97% and a return on equity of 18.45%. The business had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.64 billion. During the same quarter in the prior year, the business posted $0.22 EPS. Select Medical’s revenue for the quarter was up 4.9% compared to the same quarter last year. On average, equities analysts forecast that Select Medical will post 2.03 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

SEM has been the topic of a number of recent analyst reports. StockNews.com upgraded shares of Select Medical from a “hold” rating to a “buy” rating in a research note on Friday, March 22nd. Benchmark restated a “buy” rating and set a $39.00 price target on shares of Select Medical in a research note on Friday. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $34.40.

Insider Transactions at Select Medical

In other news, Chairman Robert A. Ortenzio sold 50,000 shares of the stock in a transaction on Monday, April 8th. The shares were sold at an average price of $29.90, for a total value of $1,495,000.00. Following the sale, the chairman now owns 6,689,668 shares in the company, valued at $200,021,073.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 19.14% 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.