Ensign Group declares a quarterly dividend of $0.0625 per share, reflecting continued growth and shareholder value commitment.
Quiver AI Summary
The Ensign Group, Inc. has announced a quarterly cash dividend of $0.0625 per share for its common stock, which will be payable by January 31, 2025, to shareholders recorded as of December 31, 2024. This marks the company's twenty-second consecutive annual dividend increase, underscoring its strong market position and commitment to shareholder value, according to CEO Barry Port. Since its initiation in 2002, Ensign has consistently paid dividends and operates a wide range of healthcare facilities across several states, offering skilled nursing, senior living services, and various therapies. More details can be found on their website.
Potential Positives
- The Ensign Group declared a quarterly cash dividend of $0.0625 per share, demonstrating ongoing financial stability and profitability.
- This marks the twenty-second consecutive annual dividend increase, reflecting a strong commitment to returning value to shareholders.
- The company has a history of being a dividend-paying entity since 2002, enhancing investor confidence and attractiveness to potential investors.
- The CEO's comments on expected growth and a positive long-term outlook signal confidence in the company's future performance and strategic direction.
Potential Negatives
- The dividend increase of $0.0625 may be perceived as inadequate, especially if the company's financial performance does not match shareholder expectations for larger distributions.
- While the announcement emphasizes a commitment to returning value to shareholders, there is no mention of specific financial performance metrics or growth initiatives, which may raise concerns about the company's future growth prospects.
FAQ
What is the recent dividend declared by Ensign Group?
The Ensign Group has declared a quarterly cash dividend of $0.0625 per share of common stock.
When will the Ensign Group's dividend be paid?
The dividend is payable on or before January 31, 2025, to shareholders of record as of December 31, 2024.
How many consecutive years has Ensign increased its dividend?
Ensign has announced its twenty-second consecutive annual dividend increase.
Since when has Ensign been a dividend-paying company?
Ensign has been a dividend-paying company since 2002.
What services does Ensign Group provide?
Ensign Group provides skilled nursing, senior living services, and various rehabilitative healthcare services across 324 facilities.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$ENSG Insider Trading Activity
$ENSG insiders have traded $ENSG stock on the open market 13 times in the past 6 months. Of those trades, 0 have been purchases and 13 have been sales.
Here’s a breakdown of recent trading of $ENSG stock by insiders over the last 6 months:
- DAREN SHAW has traded it 3 times. They made 0 purchases and 3 sales, selling 4,000 shares.
- ANN SCOTT BLOUIN sold 375 shares.
- BARRY PORT (Chief Executive Officer) has traded it 4 times. They made 0 purchases and 4 sales, selling 14,118 shares.
- SWATI BARGOTRA ABBOTT sold 1,000 shares.
- SPENCER BURTON (President and COO) has traded it 4 times. They made 0 purchases and 4 sales, selling 10,618 shares.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$ENSG Hedge Fund Activity
We have seen 238 institutional investors add shares of $ENSG stock to their portfolio, and 231 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- BLACKROCK, INC. removed 1,919,591 shares (-21.3%) from their portfolio in Q3 2024
- BAILLIE GIFFORD & CO added 1,055,677 shares (+inf%) to their portfolio in Q3 2024
- FULLER & THALER ASSET MANAGEMENT, INC. removed 928,791 shares (-40.6%) from their portfolio in Q3 2024
- WASATCH ADVISORS LP removed 726,573 shares (-17.9%) from their portfolio in Q3 2024
- FMR LLC added 593,779 shares (+42.3%) to their portfolio in Q3 2024
- GOLDMAN SACHS GROUP INC added 395,753 shares (+177.5%) to their portfolio in Q3 2024
- JANE STREET GROUP, LLC added 322,865 shares (+618.3%) to their portfolio in Q3 2024
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
SAN JUAN CAPISTRANO, Calif., Dec. 13, 2024 (GLOBE NEWSWIRE) -- The Ensign Group, Inc. (Nasdaq: ENSG), the parent company of the Ensign™ group of companies, which invest in and provide skilled nursing and senior living services, physical, occupational and speech therapies, other rehabilitative and healthcare services, and real estate, announced today that it has declared a quarterly cash dividend of $0.0625 per share of Ensign common stock, payable on or before January 31, 2025, to shareholders of record as of December 31, 2024. “We are pleased to announce our twenty-second consecutive annual dividend increase, which reflects our strong market position and continued commitment to return value to our shareholders,” commented Barry Port, Ensign's Chief Executive Officer. “We look forward to further growth in the upcoming year and are excited about the long-term future of our organization,” he added.
Ensign has been a dividend-paying company since 2002.
About Ensign
™
The Ensign Group, Inc.'s independent operating subsidiaries provide a broad spectrum of skilled nursing and senior living services, physical, occupational and speech therapies and other rehabilitative and healthcare services at 324 healthcare facilities in Arizona, California, Colorado, Idaho, Iowa, Kansas, Nebraska, Nevada, South Carolina, Tennessee, Texas, Utah, Washington and Wisconsin. More information about Ensign is available at
http://www.ensigngroup.net
.
Contact Information
The Ensign Group, Inc., (949) 487-9500, ir@ensignservices.net
SOURCE: The Ensign Group, Inc.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
