The Ensign Group, Inc. (ENSG) Plans Dividend Increase – $0.05 Per Share

The Ensign Group, Inc. (NASDAQ:ENSG) declared a quarterly dividend on Friday, December 8th, Wall Street Journal reports. Shareholders of record on Sunday, December 31st will be paid a dividend of 0.045 per share on Wednesday, January 31st. This represents a $0.18 annualized dividend and a yield of 0.79%. The ex-dividend date is Thursday, December 28th. This is a positive change from The Ensign Group’s previous quarterly dividend of $0.04.

Shares of The Ensign Group (ENSG) traded up $0.20 on Friday, reaching $22.85. The company’s stock had a trading volume of 160,500 shares, compared to its average volume of 226,334. The Ensign Group has a 12-month low of $16.50 and a 12-month high of $24.78. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.53 and a current ratio of 1.53. The firm has a market capitalization of $1,159.01, a price-to-earnings ratio of 19.19 and a beta of 0.82.

In other news, Director Antoinette T. Hubenette sold 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $20.95, for a total transaction of $52,375.00. Following the transaction, the director now directly owns 24,626 shares of the company’s stock, valued at $515,914.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Barry Port sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $24.00, for a total value of $240,000.00. Following the transaction, the vice president now directly owns 134,684 shares in the company, valued at $3,232,416. The disclosure for this sale can be found here. Insiders have sold 13,029 shares of company stock worth $304,739 over the last ninety days. 6.20% of the stock is owned by insiders.

Several equities analysts have issued reports on ENSG shares. Royal Bank Of Canada reissued a “buy” rating and issued a $21.00 price target on shares of The Ensign Group in a research note on Tuesday, November 7th. Cantor Fitzgerald boosted their price target on The Ensign Group from $23.00 to $27.00 and gave the company an “overweight” rating in a research note on Thursday, November 9th. ValuEngine lowered The Ensign Group from a “buy” rating to a “hold” rating in a research note on Tuesday, November 14th. Finally, BidaskClub lowered The Ensign Group from a “buy” rating to a “hold” rating in a research note on Tuesday. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $24.50.

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About The Ensign Group

The Ensign Group, Inc, through its operating subsidiaries, provides healthcare services across the post-acute care continuum, as well as other ancillary businesses located in Arizona, California, Colorado, Idaho, Iowa, Kansas, Nebraska, Nevada, Oregon, South Carolina, Texas, Utah, Washington and Wisconsin.

Dividend History for The Ensign Group (NASDAQ:ENSG)

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