The Ensign Group, Inc. (NASDAQ:ENSG) announced a dividend on Monday, September 24th, Fidelity reports. Stockholders of record on Sunday, September 30th will be paid a dividend of 0.045 per share on Wednesday, October 31st. The ex-dividend date of this dividend is Thursday, September 27th.

The Ensign Group has increased its dividend payment by an average of 6.7% annually over the last three years and has raised its dividend every year for the last 10 years. The Ensign Group has a payout ratio of 10.5% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect The Ensign Group to earn $1.89 per share next year, which means the company should continue to be able to cover its $0.18 annual dividend with an expected future payout ratio of 9.5%.

Shares of NASDAQ:ENSG traded up $0.68 during midday trading on Monday, reaching $36.95. The company’s stock had a trading volume of 169,200 shares, compared to its average volume of 246,743. The company has a market cap of $1.89 billion, a P/E ratio of 30.79, a P/E/G ratio of 1.41 and a beta of 0.65. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.49. The Ensign Group has a 1 year low of $20.81 and a 1 year high of $40.09.

The Ensign Group (NASDAQ:ENSG) last announced its quarterly earnings data on Thursday, August 2nd. The company reported $0.44 EPS for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.01. The business had revenue of $496.40 million during the quarter, compared to the consensus estimate of $496.61 million. The Ensign Group had a return on equity of 15.61% and a net margin of 3.61%. The business’s revenue for the quarter was up 10.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.23 earnings per share. sell-side analysts expect that The Ensign Group will post 1.71 earnings per share for the current fiscal year.

ENSG has been the subject of a number of research reports. ValuEngine downgraded The Ensign Group from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 3rd. Cantor Fitzgerald reissued a “buy” rating and set a $42.00 price target on shares of The Ensign Group in a research report on Monday, July 30th. BidaskClub raised The Ensign Group from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 17th. Stifel Nicolaus set a $34.00 price target on The Ensign Group and gave the company a “hold” rating in a research report on Thursday, August 16th. Finally, Zacks Investment Research downgraded The Ensign Group from a “buy” rating to a “hold” rating in a research report on Wednesday, August 22nd. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $38.13.

In other news, insider Christopher R. Christensen sold 84,472 shares of the company’s stock in a transaction dated Wednesday, July 18th. The stock was sold at an average price of $37.65, for a total value of $3,180,370.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Christopher R. Christensen sold 21,241 shares of the company’s stock in a transaction dated Monday, July 16th. The stock was sold at an average price of $37.42, for a total value of $794,838.22. The disclosure for this sale can be found here. Insiders sold 154,149 shares of company stock valued at $5,825,750 in the last ninety days. Company insiders own 6.00% of the company’s stock.

About The Ensign Group

The Ensign Group, Inc provides health care services in the post-acute care continuum and other ancillary businesses in the United States. It operates through three segments: Transitional and Skilled Services; Assisted and Independent Living Services; and Home Health and Hospice Services. The Transitional and Skilled Services segment offers a range of medical, nursing, rehabilitative, and pharmacy services, as well as routine services, including daily dietary, social, and recreational services to Medicaid, private pay, managed care, and Medicare payors.

Featured Story: Trading Strategy Examples and Plans

Dividend History for The Ensign Group (NASDAQ:ENSG)

Receive News & Ratings for The Ensign Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Ensign Group and related companies with MarketBeat.com's FREE daily email newsletter.