HealthSouth raises dividend by 4.2%
MARKETWATCH 8:42 AM ET 7/20/2017
Symbol Last Price Change
HLS 45.79up 0 (0%)
QUOTES AS OF 04:02:01 PM ET 07/19/2017
HealthSouth Corp. (HLS) said Thursday it will pay a quarterly dividend of 25 cents a share, on Oct. 16 to shareholders of record on Oct. 2. That's up a penny, or 4.2%, from the current quarterly dividend of 24 cents a share. Based on Wednesday's stock closing price of $45.79, the post-acute health care services provider's new annual dividend rate would imply a dividend yield of 2.18%, compared with the SPDR Health Care Select Sector ETF's (XLV) dividend yield of 1.45% and the S&P 500's implied yield of 1.97%. HealthSouth's(HLS) stock, which was still inactive in premarket trade, has rallied 11.0% year to date, while the health care ETF has climbed 16.8% and the S&P 500 has gained 10.5%.
-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
07-20-170842ET
Copyright (c) 2017 Dow Jones & Company, Inc.
Things fall apart; the centre cannot hold;
Mere anarchy is loosed upon the world,
The blood-dimmed tide is loosed, and everywhere
The ceremony of innocence is drowned;
Yeats
