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

Select Medical Holdings Co. (NYSE:SEM) announced a quarterly dividend on Friday, August 2nd, Wall Street Journal reports. Investors of record on Wednesday, August 14th will be given a dividend of 0.125 per share by the health services provider on Friday, August 30th. This represents a $0.50 annualized dividend and a yield of 1.46%. The ex-dividend date is Wednesday, August 14th.

Select Medical has a payout ratio of 22.9% meaning its dividend is sufficiently covered by earnings. Research analysts expect Select Medical to earn $2.36 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 21.2%.

Select Medical Stock Down 12.8 %

Shares of SEM stock traded down $5.00 during trading hours on Friday, hitting $34.18. 2,215,580 shares of the company’s stock traded hands, compared to its average volume of 620,901. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 2.30. The stock has a market cap of $4.44 billion, a price-to-earnings ratio of 16.54, a PEG ratio of 1.81 and a beta of 1.43. The stock’s fifty day simple moving average is $35.75 and its two-hundred day simple moving average is $31.08. Select Medical has a 12-month low of $21.28 and a 12-month high of $40.50.

Select Medical (NYSE:SEM) last released its earnings results on Thursday, August 1st. The health services provider reported $0.60 EPS for the quarter, topping the consensus estimate of $0.59 by $0.01. Select Medical had a return on equity of 18.11% and a net margin of 3.97%. The business had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.74 billion. During the same period in the previous year, the company posted $0.61 earnings per share. The company’s revenue for the quarter was up 5.1% compared to the same quarter last year. On average, analysts expect that Select Medical will post 2.19 EPS for the current year.

Wall Street Analyst Weigh In

SEM has been the subject of a number of analyst reports. Benchmark restated a “buy” rating and set a $48.00 price objective on shares of Select Medical in a research note on Friday. Royal Bank of Canada raised their price target on shares of Select Medical from $36.00 to $40.00 and gave the company an “outperform” rating in a research report on Monday, May 6th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Select Medical currently has an average rating of “Moderate Buy” and a consensus target price of $36.50.

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.