National HealthCare Co. (NYSE:NHC) Announces $0.61 Quarterly Dividend

National HealthCare Co. (NYSE:NHC) announced a quarterly dividend on Friday, February 14th,RTT News reports. Investors of record on Friday, March 28th will be given a dividend of 0.61 per share on Friday, April 25th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.37%.

National HealthCare has increased its dividend by an average of 4.7% per year over the last three years.

National HealthCare Stock Down 0.8 %

National HealthCare stock opened at $102.76 on Friday. National HealthCare has a fifty-two week low of $87.03 and a fifty-two week high of $138.49. The firm has a market capitalization of $1.59 billion, a price-to-earnings ratio of 24.29 and a beta of 0.45. The stock’s fifty day moving average is $105.53 and its two-hundred day moving average is $118.50. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.77 and a current ratio of 1.80.

Insider Activity at National HealthCare

In related news, VP Timothy J. Shelly sold 614 shares of the business’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $121.44, for a total value of $74,564.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Health Corp National sold 28,147 shares of the firm’s stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $113.71, for a total transaction of $3,200,595.37. Following the sale, the insider now directly owns 1,056,616 shares in the company, valued at $120,147,805.36. This represents a 2.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 13.75% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of National HealthCare from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 16th.

National HealthCare Company Profile

National HealthCare Corporation engages in the operation of services to skilled nursing facilities, assisted and independent living facilities, homecare and hospice agencies, and health hospitals. 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.