Healthcare Companies: Ensign Ups Dividend By 10 Percent
December 20, 2010 (FinancialWire) (http://www.financialwire.net/) — The Ensign Group, Inc. (NASDAQ: ENSG) said that its board of directors has declared a quarterly cash dividend of $0.055 per share of Ensign common stock, payable on or before January 31, 2011 to shareholders of record as of December 31, 2010.
Ensign CEO Christopher Christensen said that the increased dividend was consistent with his firm’s, “…improved earnings, strong cash flow and additional growth in 2010." Ensign has been a dividend-paying company since 2002.
California-based Ensign’s operating subsidiaries provide a range of skilled nursing and assisted living services, physical, occupational and speech therapies, home health and hospice services, and other rehabilitative and healthcare services for both long-term residents and short-stay rehabilitation patients.
The company provides services at 82 facilities, two hospice companies and a home health business in California, Arizona, Texas, Washington, Utah, Idaho and Colorado.
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