The Ensign Group, Inc. (NASDAQ:ENSG) Declares Quarterly Dividend of $0.05

Share on StockTwits

The Ensign Group, Inc. (NASDAQ:ENSG) announced a quarterly dividend on Thursday, June 20th, Fidelity reports. Shareholders of record on Sunday, June 30th will be given a dividend of 0.0475 per share on Wednesday, July 31st. This represents a $0.19 dividend on an annualized basis and a yield of 0.34%. The ex-dividend date of this dividend is Thursday, June 27th.

The Ensign Group has raised its dividend by an average of 6.3% annually over the last three years and has increased its dividend annually for the last 11 consecutive years. The Ensign Group has a dividend payout ratio of 11.1% meaning its dividend is sufficiently covered by earnings. Research analysts expect The Ensign Group to earn $2.37 per share next year, which means the company should continue to be able to cover its $0.19 annual dividend with an expected future payout ratio of 8.0%.

ENSG traded down $0.20 during trading on Tuesday, reaching $56.32. The stock had a trading volume of 216,222 shares, compared to its average volume of 255,204. The stock has a market cap of $3.00 billion, a price-to-earnings ratio of 31.46, a price-to-earnings-growth ratio of 1.79 and a beta of 0.85. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 1.87. The Ensign Group has a 1-year low of $34.69 and a 1-year high of $58.35. The stock has a 50 day simple moving average of $55.03.

The Ensign Group (NASDAQ:ENSG) last announced its quarterly earnings data on Monday, May 6th. The company reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.01. The Ensign Group had a return on equity of 17.23% and a net margin of 4.59%. The company had revenue of $549.21 million during the quarter, compared to the consensus estimate of $545.09 million. During the same quarter in the prior year, the firm earned $0.45 EPS. The company’s quarterly revenue was up 11.6% compared to the same quarter last year. As a group, equities research analysts expect that The Ensign Group will post 2.11 earnings per share for the current fiscal year.

A number of brokerages have recently commented on ENSG. BidaskClub upgraded The Ensign Group from a “buy” rating to a “strong-buy” rating in a research report on Thursday, April 25th. Oppenheimer boosted their target price on shares of The Ensign Group from $52.00 to $58.00 and gave the company an “outperform” rating in a research note on Wednesday, May 8th. ValuEngine downgraded shares of The Ensign Group from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, April 3rd. Finally, Zacks Investment Research downgraded shares of The Ensign Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 9th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $44.17.

In other news, VP Beverly B. Wittekind sold 868 shares of the company’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $53.17, for a total value of $46,151.56. Following the transaction, the vice president now directly owns 54,462 shares of the company’s stock, valued at $2,895,744.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Suzanne D. Snapper sold 2,982 shares of the company’s stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $53.17, for a total transaction of $158,552.94. Following the completion of the transaction, the chief financial officer now directly owns 223,216 shares in the company, valued at $11,868,394.72. The disclosure for this sale can be found here. Over the last three months, insiders have sold 4,547 shares of company stock worth $242,252. Company insiders own 6.70% of the company’s stock.

The Ensign Group Company Profile

The Ensign Group, Inc provides health care services in the post-acute care continuum and other ancillary businesses. The company operates in 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, such as daily dietary, social, and recreational services to Medicaid, private pay, managed care, and Medicare payors.

Featured Story: Inflation

Dividend History for The Ensign Group (NASDAQ:ENSG)

Receive News & Ratings for The Ensign Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Ensign Group and related companies with's FREE daily email newsletter.