Select Medical Holdings Co. (SEM) to Issue Quarterly Dividend of $0.13 on November 26th

Select Medical Holdings Co. (NYSE:SEM) declared a quarterly dividend on Wednesday, October 30th, NASDAQ reports. Investors 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 yield of 1.39%. The ex-dividend date is Wednesday, November 13th.

Select Medical has a 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 Trading Up 12.1 %

NYSE SEM traded up $3.87 during trading on Friday, reaching $35.95. 1,544,578 shares of the stock traded hands, compared to its average volume of 602,303. The firm has a market cap of $4.67 billion, a price-to-earnings ratio of 17.38, a price-to-earnings-growth ratio of 2.03 and a beta of 1.41. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 2.11. The stock’s 50-day moving average price is $34.25 and its 200 day moving average price is $33.91. Select Medical has a fifty-two week low of $21.28 and a fifty-two week high of $40.50.

Select Medical (NYSE:SEM) last issued its earnings results on Thursday, August 1st. The health services provider reported $0.60 EPS for the quarter, missing the consensus estimate of $0.61 by ($0.01). The business 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%. The business’s revenue was up 5.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.61 earnings per share. Analysts predict that Select Medical will post 2.03 EPS for the current year.

Wall Street Analyst Weigh In

SEM has been the topic of a number of recent analyst reports. Bank of America began coverage on shares of Select Medical in a research report on Tuesday, August 20th. They issued a “buy” rating and a $42.00 price target on the stock. Benchmark reiterated a “buy” rating and set a $48.00 price target on shares of Select Medical in a report on Friday. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $39.00.

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.