U.S. Physical Therapy, Inc. (NYSE:USPH) Announces Dividend Increase – $0.46 Per Share

U.S. Physical Therapy, Inc. (NYSE:USPH) announced a quarterly dividend on Wednesday, February 25th. Shareholders of record on Friday, March 13th will be given a dividend of 0.46 per share on Friday, April 10th. This represents a c) annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Friday, March 13th. This is a 2.2% increase from U.S. Physical Therapy’s previous quarterly dividend of $0.45.

U.S. Physical Therapy has increased its dividend by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 6 consecutive years. U.S. Physical Therapy has a dividend payout ratio of 61.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect U.S. Physical Therapy to earn $2.93 per share next year, which means the company should continue to be able to cover its $1.80 annual dividend with an expected future payout ratio of 61.4%.

U.S. Physical Therapy Stock Down 8.0%

Shares of U.S. Physical Therapy stock traded down $6.51 on Thursday, reaching $75.17. The stock had a trading volume of 129,795 shares, compared to its average volume of 219,597. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $1.14 billion, a P/E ratio of 31.54, a P/E/G ratio of 3.42 and a beta of 1.30. The company has a 50 day moving average price of $83.49 and a 200 day moving average price of $82.57. U.S. Physical Therapy has a 1 year low of $62.77 and a 1 year high of $93.50.

U.S. Physical Therapy (NYSE:USPH) last released its quarterly earnings results on Wednesday, February 25th. The company reported $0.67 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.67. U.S. Physical Therapy had a net margin of 5.71% and a return on equity of 8.62%. The business had revenue of $202.73 million for the quarter, compared to analyst estimates of $200.10 million. During the same period in the previous year, the company earned $0.51 earnings per share. The business’s revenue for the quarter was up 12.3% on a year-over-year basis. As a group, equities research analysts forecast that U.S. Physical Therapy will post 2.67 EPS for the current year.

About U.S. Physical Therapy

U.S. Physical Therapy, Inc (NYSE: USPH) is a leading owner and operator of outpatient physical therapy clinics across the United States. The company delivers rehabilitative care to patients recovering from orthopedic injuries, neurological disorders and chronic conditions. Its core services include one-on-one physical therapy sessions, aquatic therapy, occupational therapy, massage therapy and sports medicine programs designed to restore mobility and enhance quality of life.

In addition to traditional rehabilitation services, U.S.