The Ensign Group, Inc. (ENSG) Plans $0.05 Dividend
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.
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.
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