Encompass Health Corporation (NYSE:EHC – Get Free Report) declared a quarterly dividend on Thursday, May 7th. Stockholders of record on Wednesday, July 1st will be paid a dividend of 0.19 per share on Wednesday, July 15th. This represents a c) annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Wednesday, July 1st.
Encompass Health has decreased its dividend by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 2 consecutive years. Encompass Health has a payout ratio of 13.6% meaning its dividend is sufficiently covered by earnings. Analysts expect Encompass Health to earn $6.45 per share next year, which means the company should continue to be able to cover its $0.76 annual dividend with an expected future payout ratio of 11.8%.
Encompass Health Stock Down 0.0%
Shares of EHC opened at $101.33 on Monday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.17 and a current ratio of 1.17. Encompass Health has a 52 week low of $92.77 and a 52 week high of $127.99. The stock has a market capitalization of $10.05 billion, a price-to-earnings ratio of 16.92, a PEG ratio of 2.21 and a beta of 0.72. The stock has a fifty day moving average of $103.25 and a 200-day moving average of $103.54.
Insider Transactions at Encompass Health
In other news, EVP Patrick William Tuer sold 682 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $104.56, for a total value of $71,309.92. Following the transaction, the executive vice president owned 24,755 shares in the company, valued at approximately $2,588,382.80. The trade was a 2.68% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.80% of the company’s stock.
Hedge Funds Weigh In On Encompass Health
A number of hedge funds have recently bought and sold shares of EHC. WPG Advisers LLC boosted its position in Encompass Health by 73.3% during the fourth quarter. WPG Advisers LLC now owns 324 shares of the company’s stock valued at $34,000 after acquiring an additional 137 shares during the last quarter. Flagship Harbor Advisors LLC acquired a new position in shares of Encompass Health in the 4th quarter valued at about $37,000. Caitong International Asset Management Co. Ltd lifted its stake in shares of Encompass Health by 36,200.0% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 363 shares of the company’s stock valued at $46,000 after purchasing an additional 362 shares during the period. Assetmark Inc. boosted its position in shares of Encompass Health by 89.6% during the 1st quarter. Assetmark Inc. now owns 455 shares of the company’s stock valued at $44,000 after purchasing an additional 215 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd acquired a new stake in Encompass Health during the fourth quarter worth approximately $55,000. Institutional investors own 97.25% of the company’s stock.
Encompass Health Company Profile
Encompass Health Corporation is a leading provider of post‐acute healthcare services in the United States, operating a comprehensive network of inpatient rehabilitation hospitals and home health and hospice agencies. Its inpatient rehabilitation hospitals offer intensive therapy programs for patients recovering from conditions such as stroke, brain injury, spinal cord injury, cardiac and pulmonary disorders, and orthopedic procedures. Through its home health segment, Encompass Health delivers skilled nursing, physical therapy, occupational therapy and speech therapy to patients in the comfort of their homes, while its hospice services provide end‐of‐life care focused on symptom management and emotional support for patients and families.
Founded in 1984 as HealthSouth Corporation and rebranded as Encompass Health in 2018, the company has grown organically and through acquisitions to serve patients across more than 30 states.
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