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

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

Select Medical has a dividend payout ratio of 23.4% indicating that its dividend is sufficiently covered by earnings. 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 %

Shares of SEM stock traded up $2.98 during midday trading on Friday, reaching $31.43. 1,993,546 shares of the stock were exchanged, compared to its average volume of 504,667. Select Medical has a 1 year low of $21.28 and a 1 year high of $33.51. The firm has a market cap 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. The company’s 50 day moving average is $28.42 and its two-hundred day moving average is $25.92. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 2.32.

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

Analyst Ratings Changes

Several research firms recently weighed in on SEM. StockNews.com upgraded Select Medical from a “hold” rating to a “buy” rating in a research note on Friday, March 22nd. Benchmark reissued a “buy” rating and set a $39.00 price objective on shares of Select Medical in a research report on Friday. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Select Medical presently has a consensus rating of “Moderate Buy” and a consensus price target of $34.40.

Insider Activity

In related news, Chairman Robert A. Ortenzio sold 50,000 shares of the firm’s stock in a transaction that occurred 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 19.14% of the stock is owned by corporate insiders.

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.