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

Select Medical Holdings Co. (NYSE:SEM) declared a quarterly dividend on Wednesday, October 30th, NASDAQ reports. Stockholders of record on Wednesday, November 13th will be paid a dividend of 0.125 per share by the health services provider on Tuesday, November 26th. This represents a $0.50 annualized dividend and a dividend yield of 1.39%. The ex-dividend date of this dividend is Wednesday, November 13th.

Select Medical has a dividend payout ratio of 25.1% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Select Medical to earn $2.17 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 23.0%.

Select Medical Stock Performance

Shares of SEM stock traded up $3.87 during midday trading on Friday, hitting $35.95. 1,544,578 shares of the company were exchanged, compared to its average volume of 602,303. The firm’s 50 day moving average price is $34.25 and its two-hundred day moving average price is $33.91. The company has a debt-to-equity ratio of 2.11, a quick ratio of 1.09 and a current ratio of 1.09. The firm has a market capitalization of $4.67 billion, a P/E ratio of 17.38, a PEG ratio of 2.03 and a beta of 1.41. Select Medical has a 52 week low of $21.28 and a 52 week high of $40.50.

Select Medical (NYSE:SEM) last announced its earnings results on Thursday, August 1st. The health services provider reported $0.60 earnings per share for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.01). The firm had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.74 billion. Select Medical had a return on equity of 17.50% and a net margin of 3.91%. Select Medical’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter last year, the business posted $0.61 EPS. As a group, equities research analysts anticipate that Select Medical will post 2.03 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on SEM. Benchmark reissued a “buy” rating and set a $48.00 target price on shares of Select Medical in a report on Friday. Bank of America initiated coverage on shares of Select Medical in a research note on Tuesday, August 20th. They issued a “buy” rating and a $42.00 price objective for the company. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Select Medical currently has an average rating of “Moderate Buy” and an average price target of $39.00.

About Select Medical

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.