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

Select Medical Holdings Co. (NYSE:SEM) announced a quarterly dividend on Wednesday, October 30th,NASDAQ Dividends 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 1.24%. The ex-dividend date is Wednesday, November 13th.

Select Medical has a dividend payout ratio of 22.4% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Select Medical to earn $2.19 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 22.8%.

Select Medical Stock Up 2.4 %

Shares of NYSE SEM opened at $40.20 on Tuesday. Select Medical has a 52-week low of $21.56 and a 52-week high of $40.98. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.37. The company’s 50-day simple moving average is $34.48 and its 200-day simple moving average is $34.44. The firm has a market cap of $5.20 billion, a price-to-earnings ratio of 18.79, a price-to-earnings-growth ratio of 2.04 and a beta of 1.42.

Select Medical (NYSE:SEM) last posted its quarterly earnings data on Thursday, October 31st. The health services provider reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.07. The company had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.74 billion. Select Medical had a return on equity of 15.99% and a net margin of 3.97%. Select Medical’s revenue was up 5.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.46 EPS. Equities analysts predict that Select Medical will post 2.16 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on SEM. StockNews.com lowered Select Medical from a “buy” rating to a “hold” rating in a report on Tuesday, November 5th. 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 target on the stock. Royal Bank of Canada increased their price objective on shares of Select Medical from $40.00 to $47.00 and gave the company an “outperform” rating in a report on Monday, November 4th. Finally, Benchmark restated a “buy” rating and set a $48.00 target price on shares of Select Medical in a report on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $40.75.

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.