Select Medical Holdings Co. (NYSE:SEM) Plans $0.06 Quarterly Dividend

Select Medical Holdings Co. (NYSE:SEM) declared a quarterly dividend on Friday, February 21st, Wall Street Journal reports. Investors of record on Monday, March 3rd will be paid a dividend of 0.0625 per share by the health services provider on Thursday, March 13th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date of this dividend is Monday, March 3rd.

Select Medical has raised its dividend payment by an average of 10.1% per year over the last three years. Select Medical has a dividend payout ratio of 35.5% meaning its dividend is sufficiently covered by earnings. Analysts expect Select Medical to earn $1.17 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 42.7%.

Select Medical Stock Down 7.5 %

Shares of SEM traded down $1.44 during trading hours on Friday, reaching $17.63. The stock had a trading volume of 2,351,660 shares, compared to its average volume of 835,027. Select Medical has a 12 month low of $16.20 and a 12 month high of $40.98. The firm has a 50-day simple moving average of $19.13 and a 200 day simple moving average of $28.07. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.37. The company has a market capitalization of $2.28 billion, a price-to-earnings ratio of 8.24, a P/E/G ratio of 0.64 and a beta of 1.45.

Select Medical (NYSE:SEM) last issued its earnings results on Thursday, February 20th. The health services provider reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.11). The firm had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.50 billion. Select Medical had a return on equity of 15.99% and a net margin of 3.97%. Equities research analysts predict that Select Medical will post 1.97 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Marilyn B. Tavenner sold 32,000 shares of the stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $21.09, for a total transaction of $674,880.00. Following the completion of the transaction, the director now owns 22,000 shares in the company, valued at approximately $463,980. This represents a 59.26 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Robert G. Breighner, Jr. sold 4,989 shares of the stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $19.95, for a total value of $99,530.55. Following the transaction, the vice president now owns 30,356 shares of the company’s stock, valued at $605,602.20. The trade was a 14.12 % decrease in their position. The disclosure for this sale can be found here. Insiders own 19.14% of the company’s stock.

Analysts Set New Price Targets

SEM has been the subject of a number of analyst reports. Royal Bank of Canada increased their price target on Select Medical from $40.00 to $47.00 and gave the company an “outperform” rating in a research report on Monday, November 4th. UBS Group lowered their price target on Select Medical from $40.00 to $21.00 and set a “neutral” rating for the company in a research report on Friday, January 3rd. StockNews.com raised Select Medical from a “hold” rating to a “buy” rating in a research report on Friday. Finally, Benchmark lowered Select Medical from a “buy” rating to a “hold” rating in a research report on Monday, November 25th. 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, Select Medical presently has an average rating of “Moderate Buy” and a consensus target price of $39.50.

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.