Quarterly Dividend of $0.17 Announced by Healthcare Services (HCSG)
Healthcare Services (NASDAQ:HCSG) declared a quarterly dividend on Tuesday, January 22nd. Investors of record on Friday, February 22nd will be given a dividend of $0.17 per share on Friday, March 15th. This represents a $0.67 dividend on an annualized basis and a yield of 2.73%.
On a related note, analysts at Benchmark Co. upgraded shares of Healthcare Services from a “hold” rating to a “buy” rating in a research note to investors on Wednesday, January 9th. They now have a $27.00 price target on the stock, up previously from $23.50.
Three research analysts have rated the stock with a buy rating, and one has issued a hold rating to the stock. The company presently has an average rating of “overweight” and an average target price of $24.88.
Shares of Healthcare Services (HCSG) traded up 0.49% during mid-day trading on Tuesday, hitting $24.38. Healthcare Services (HCSG) has a 1-year low of $17.56 and a 1-year high of $24.88. The stock’s 50-day moving average is currently $23.5. The company has a market cap of $1.651 billion and a price-to-earnings ratio of 39.77.
Healthcare Services Group, Inc. provides housekeeping, laundry, linen, facility maintenance and dietary services to the healthcare industry, including nursing homes, retirement complexes, rehabilitation centers and hospitals located throughout the United States.
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