NMC Health PLC (LON:NMC) Increases Dividend to GBX 18.10 Per Share

NMC Health PLC (LON:NMC) declared a dividend on Thursday, March 7th, Upcoming.Co.Uk reports. Investors of record on Thursday, June 13th will be given a dividend of GBX 18.10 ($0.24) per share on Wednesday, July 10th. This represents a yield of 0.6%. The ex-dividend date is Thursday, June 13th. This is a boost from NMC Health’s previous dividend of $13.00. The official announcement can be seen at this link.

NMC Health stock opened at GBX 2,343 ($30.62) on Wednesday. NMC Health has a 52 week low of GBX 2,110 ($27.57) and a 52 week high of GBX 4,376 ($57.18). The company has a debt-to-equity ratio of 150.61, a current ratio of 1.45 and a quick ratio of 1.16. The stock has a market cap of $4.91 billion and a P/E ratio of 19.72.

A number of equities analysts recently commented on NMC shares. Berenberg Bank reduced their price target on NMC Health from GBX 4,700 ($61.41) to GBX 3,600 ($47.04) and set a “buy” rating for the company in a report on Friday, May 3rd. Barclays reiterated an “overweight” rating on shares of NMC Health in a report on Monday, March 11th. Jefferies Financial Group reduced their price target on NMC Health from GBX 2,300 ($30.05) to GBX 2,077 ($27.14) and set an “underperform” rating for the company in a report on Wednesday, May 22nd. Finally, Goldman Sachs Group lifted their price target on NMC Health from GBX 4,230 ($55.27) to GBX 4,240 ($55.40) and gave the stock a “buy” rating in a report on Monday, March 25th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of GBX 3,904.50 ($51.02).

In other news, insider Prasanth Manghat acquired 75,000 shares of NMC Health stock in a transaction dated Thursday, May 30th. The stock was bought at an average price of GBX 2,495 ($32.60) per share, for a total transaction of £1,871,250 ($2,445,119.56).

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About NMC Health

NMC Health Plc provides healthcare services in the United Arab Emirates, Spain, and internationally. The company operates through two businesses, NMC Healthcare and NMC Trading. It owns and manages approximately 135 healthcare facilities that include hospitals, medical centers, long term care facilities, day surgery centers, fertility centers, and home health services providers.

Further Reading: What is Liquidity?

Dividend History for NMC Health (LON:NMC)

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