MURFREESBORO, Tenn. - National HealthCare Corporation (NYSE American: NHC), recognized as the oldest publicly traded long-term health care company in the United States, has declared a quarterly dividend of 59 cents per common share. The dividend is slated for shareholders on record as of March 29, 2024, with the payment to be made on May 1, 2024.
This announcement reflects the company's ongoing commitment to providing value to its shareholders. National HealthCare Corporation has a broad portfolio in the healthcare sector, including the operation of 68 skilled nursing facilities, 26 assisted living communities, five independent living communities, three behavioral health hospitals, as well as homecare and hospice agencies. Additionally, NHC offers services such as Alzheimer’s and memory care, pharmacy services, rehabilitation, and management and accounting services for third-party post-acute operators.
The information in this article is based on a press release.
InvestingPro Insights
National HealthCare Corporation (NYSE American: NHC) has continued to demonstrate its commitment to shareholder returns, marking a significant milestone with its dividend track record. According to InvestingPro Tips, NHC has not only maintained but also raised its dividend for 10 consecutive years, showcasing a stable and growing income stream for investors. This consistency is further emphasized by the fact that the company has kept up dividend payments for an impressive 20 consecutive years. Such a track record can be particularly attractive to income-focused investors seeking reliable dividend-paying stocks.
Examining the company's financial health, real-time data from InvestingPro reveals a robust picture. NHC's market cap stands at approximately $1.4 billion USD, reflecting a significant presence in the healthcare industry. The company's P/E ratio, based on the last twelve months as of Q3 2023, is at 32.16, which might indicate a premium valuation compared to near-term earnings growth. However, the PEG ratio during the same period is 0.75, suggesting that the stock could be undervalued when factoring in its earnings growth potential. Additionally, NHC's solid gross profit margin of 37.25% over the last twelve months signals efficient operations and financial stability.
For those looking to delve deeper into National HealthCare Corporation's financials and strategic positioning, InvestingPro offers a comprehensive suite of additional tips. There are 12 more InvestingPro Tips available that can provide investors with a more nuanced understanding of NHC's performance and outlook. To access these insights and enhance your investment strategy, consider subscribing to InvestingPro using the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
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