Encompass Health Corporation (EHC) To Go Ex-Dividend on January 2nd

Encompass Health Corporation (NYSE:EHC) declared a quarterly dividend on Thursday, October 23rd. Investors of record on Friday, January 2nd will be paid a dividend of 0.19 per share on Thursday, January 15th. This represents a c) dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Friday, January 2nd.

Encompass Health has a dividend payout ratio of 12.2% meaning its dividend is sufficiently covered by earnings. Analysts expect Encompass Health to earn $5.28 per share next year, which means the company should continue to be able to cover its $0.68 annual dividend with an expected future payout ratio of 12.9%.

Encompass Health Price Performance

Shares of NYSE:EHC opened at $126.23 on Friday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.06 and a current ratio of 1.06. The firm has a fifty day moving average price of $124.23 and a 200 day moving average price of $118.06. Encompass Health has a fifty-two week low of $87.85 and a fifty-two week high of $127.99. The firm has a market cap of $12.71 billion, a price-to-earnings ratio of 24.70, a P/E/G ratio of 2.21 and a beta of 0.93.

Encompass Health (NYSE:EHC) last issued its earnings results on Wednesday, March 16th. The company reported $0.93 earnings per share for the quarter. Encompass Health had a net margin of 9.22% and a return on equity of 17.83%. The firm had revenue of $136.30 million during the quarter. Encompass Health has set its FY22 guidance at $3.83-$4.19 EPS. As a group, sell-side analysts expect that Encompass Health will post 4.8 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, EVP Patrick William Tuer sold 1,020 shares of the company’s stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $123.59, for a total value of $126,061.80. Following the completion of the sale, the executive vice president directly owned 18,846 shares of the company’s stock, valued at $2,329,177.14. This represents a 5.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.00% of the stock is currently owned by company insiders.

Institutional Trading of Encompass Health

Hedge funds have recently added to or reduced their stakes in the business. OneDigital Investment Advisors LLC bought a new position in Encompass Health in the first quarter worth about $263,000. GAMMA Investing LLC raised its holdings in Encompass Health by 21.5% in the first quarter. GAMMA Investing LLC now owns 2,366 shares of the company’s stock worth $240,000 after purchasing an additional 419 shares in the last quarter. Sequoia Financial Advisors LLC raised its holdings in Encompass Health by 6.7% in the first quarter. Sequoia Financial Advisors LLC now owns 2,727 shares of the company’s stock worth $276,000 after purchasing an additional 172 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its holdings in Encompass Health by 30.1% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 9,597 shares of the company’s stock worth $972,000 after purchasing an additional 2,218 shares in the last quarter. Finally, Intech Investment Management LLC raised its holdings in Encompass Health by 21.8% in the first quarter. Intech Investment Management LLC now owns 21,329 shares of the company’s stock worth $2,160,000 after purchasing an additional 3,815 shares in the last quarter. 97.25% of the stock is owned by hedge funds and other institutional investors.

Encompass Health Company Profile

Encompass Health Corporation provides post-acute healthcare services in the United States and Puerto Rico. It owns and operates inpatient rehabilitation hospitals that provide medical, nursing, therapy, and ancillary services. The company provides specialized rehabilitative treatment on an inpatient basis to patients who have experienced physical or cognitive disabilities or injuries due to medical conditions, such as strokes, hip fractures, and various debilitating neurological conditions.