BIRMINGHAM, Ala. - Encompass Health Corporation (NYSE: NYSE:EHC), a leading healthcare services provider, has announced a quarterly cash dividend of $0.15 per common share. The dividend is scheduled to be paid on April 15, 2024, to shareholders of record as of April 1, 2024.
Encompass Health operates the largest network of rehabilitation hospitals in the United States, with 161 hospitals across 37 states and Puerto Rico. The company focuses on providing rehabilitative care to patients recovering from major injuries or illnesses.
The announcement of the dividend follows the company's practice of rewarding its shareholders and reflects its financial health and commitment to returning value to investors.
This dividend declaration is based on a press release statement from Encompass Health.
InvestingPro Insights
As Encompass Health Corporation (NYSE: EHC) continues to reward its shareholders with dividends, it's important to look at the company's financial metrics and market performance to understand the bigger picture. Encompass Health is currently trading near its 52-week high, showcasing investor confidence in the company's stock. This is supported by a strong return over the last three months, with a 16.9% price total return, indicating robust market performance.
From a valuation perspective, the company's P/E ratio stands at 21.28, which is considered low when paired with its near-term earnings growth. This could suggest that the stock is undervalued relative to its earnings potential. Additionally, Encompass Health's PEG ratio of 0.72 further highlights that the stock may be a compelling choice for value investors looking for growth opportunities.
InvestingPro Tips also reveal that seven analysts have revised their earnings upwards for the upcoming period, which may indicate potential positive momentum for the company's financial outlook. Furthermore, with a dividend yield of 0.8%, Encompass Health demonstrates its ability to generate income for its investors while maintaining a healthy financial position.
For those seeking more in-depth analysis and additional insights, there are 8 more InvestingPro Tips available at https://www.investing.com/pro/EHC. To access these tips and a comprehensive suite of investment tools, use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
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