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National HealthCare Corporation Announces Quarterly Dividend

Strategic Insights

— 1 min read

National HealthCare Corporation, the nation's oldest publicly traded long-term health care company, has announced a quarterly dividend of 55 cents per common share for shareholders of record as of March 31, 2022. This payment will be distributed on May 2, 2022. The company has a strong financial foundation, with a diverse portfolio of healthcare services including skilled nursing centers, assisted living communities, and homecare agencies.

Key Takeaways:

  • National HealthCare Corporation (NHC) has announced a quarterly dividend of 55 cents per common share, payable on May 2, 2022, to shareholders of record as of March 31, 2022.
  • The company operates 75 skilled nursing centers with 9,463 beds, 24 assisted living communities, five independent living centers, one behavioral health hospital, and 35 homecare agencies, and 28 hospice agencies.
  • NHC's services also include Alzheimer's and memory care units, pharmacy services, a rehabilitation services company, and providing management and accounting services to third-party post-acute operators.
  • The company's forward-looking statements include risks and uncertainties such as patient care liabilities, availability of insurance and assets for indemnification, national and local economic conditions, government regulations, and changes in Medicare and Medicaid payment levels.
  • NHC operates in a highly competitive industry with a strong emphasis on compliance with regulations and changes in government policies and payment methodologies.
  • The company's other services include a rehabilitation services company and providing management and accounting services to third-party post-acute operators.

Statistics:

  • Quarterly dividend: 55 cents per common share
  • Dividend payment date: May 2, 2022
  • Record date: March 31, 2022
  • Total number of skilled nursing centers: 75
  • Total number of assisted living communities: 24
  • Number of beds in skilled nursing centers: 9,463
  • Types of services provided by NHC: skilled nursing, assisted living, homecare, hospice, pharmacy, rehabilitation, and management and accounting

Sources:

  • National HealthCare Corporation (February 11, 2022) - "NHC Announces Common Dividend"
  • (EDGAR Online via COMTEX) - Form 8-K, filed on February 15, 2022
  • SEC filings (Forms 8-K, 10-Q, and 10-K)

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