National HealthCare Co. (NYSEAMERICAN:NHC) declared a quarterly dividend on Monday, August 13th, Wall Street Journal reports. Shareholders of record on Friday, September 28th will be given a dividend of 0.50 per share on Monday, December 3rd. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.69%. The ex-dividend date of this dividend is Thursday, September 27th.
National HealthCare has increased its dividend payment by an average of 12.1% annually over the last three years and has increased its dividend annually for the last 5 consecutive years.
NHC opened at $74.46 on Wednesday. National HealthCare has a 1-year low of $57.00 and a 1-year high of $78.88.
In related news, VP John K. Lines sold 9,350 shares of the company’s stock in a transaction on Friday, August 31st. The shares were sold at an average price of $77.30, for a total transaction of $722,755.00. Following the completion of the transaction, the vice president now owns 24,453 shares in the company, valued at $1,890,216.90. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Ernest G. Burgess III sold 3,000 shares of the company’s stock in a transaction on Monday, August 13th. The stock was sold at an average price of $73.31, for a total transaction of $219,930.00. Following the transaction, the director now owns 96,171 shares of the company’s stock, valued at approximately $7,050,296.01. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 17,350 shares of company stock valued at $1,325,085.
About National HealthCare
National HealthCare Corporation operates, manages, and provides services to skilled nursing facilities, assisted living facilities, independent living facilities, and home health care programs. The company's skilled nursing facilities offer licensed therapy services, nutrition services, social services, activities, and housekeeping and laundry services, as well as medical services prescribed by physicians; and rehabilitative services, such as physical, speech, respiratory, and occupational therapy services for patients recovering from strokes, heart attacks, orthopedic conditions, neurological illnesses, or other illnesses, injuries, or disabilities.
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