HealthStream, Inc. (NASDAQ:HSTM) Declares Quarterly Dividend of $0.04

HealthStream, Inc. (NASDAQ:HSTM) declared a quarterly dividend on Monday, February 23rd. Investors of record on Monday, March 9th will be given a dividend of 0.035 per share by the technology company on Friday, March 20th. This represents a c) annualized dividend and a yield of 0.6%. The ex-dividend date is Monday, March 9th. This is a 12.9% increase from HealthStream’s previous quarterly dividend of $0.03.

HealthStream has a payout ratio of 17.1% meaning its dividend is sufficiently covered by earnings. Research analysts expect HealthStream to earn $0.64 per share next year, which means the company should continue to be able to cover its $0.12 annual dividend with an expected future payout ratio of 18.8%.

HealthStream Price Performance

Shares of NASDAQ HSTM traded up $1.03 during midday trading on Tuesday, hitting $22.27. 64,119 shares of the company’s stock were exchanged, compared to its average volume of 340,593. The firm’s fifty day simple moving average is $21.95 and its 200-day simple moving average is $24.90. The company has a market cap of $660.69 million, a PE ratio of 33.00, a P/E/G ratio of 2.20 and a beta of 0.44. HealthStream has a twelve month low of $19.50 and a twelve month high of $34.13.

HealthStream (NASDAQ:HSTM) last announced its quarterly earnings results on Monday, February 23rd. The technology company reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.02. HealthStream had a return on equity of 5.82% and a net margin of 6.93%.The firm had revenue of $79.71 million during the quarter, compared to the consensus estimate of $76.21 million. Equities analysts anticipate that HealthStream will post 0.63 EPS for the current fiscal year.

HealthStream announced that its board has approved a share buyback program on Tuesday, November 11th that permits the company to buyback $10.00 million in outstanding shares. This buyback authorization permits the technology company to reacquire up to 1.3% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its shares are undervalued.

About HealthStream

HealthStream, Inc is a Nashville, Tennessee–based provider of workforce development and learning management solutions for healthcare organizations. Since its founding in 1990, the company has focused on helping hospitals, clinics and other care providers streamline staff training, ensure regulatory compliance and monitor employee performance. HealthStream’s platform integrates online courses, skill competency assessments and credential management tools to support workforce readiness across the healthcare continuum.

The company’s core offerings include a learning management system (LMS) designed specifically for clinical and nonclinical personnel, a competency management suite that tracks skill acquisition and validation, and a content library featuring evidence-based clinical and compliance training modules.