NHC Announces 5.8% Increase in Common Dividend

Rhea-AI Summary

National HealthCare Corporation (NHC) announced a quarterly dividend of 55 cents per common share, reflecting a 5.8% increase from the previous quarter. The dividends will be payable on February 1, 2022, to shareholders of record on December 31, 2021. As the oldest publicly traded long-term health care company in the U.S., NHC operates numerous skilled nursing facilities and other health-related services. This dividend increase underscores the company's commitment to delivering value to its shareholders.

Positive

• Quarterly dividend increased by 5.8%, indicating company growth and financial health.
• Strong operational network with 75 skilled nursing facilities and diverse services enhances revenue potential.

Negative

• None.

MURFREESBORO, Tenn.--(BUSINESS WIRE)-- National HealthCare Corporation (NYSE American: NHC), the nation’s oldest publicly traded long-term health care company, announced today that it will pay a quarterly dividend of 55 cents per common share to shareholders of record on December 31, 2021 and payable on February 1, 2022. This represents a 5.8% increase over last quarter’s regular common dividend.

Forward-Looking Statements

Statements in this press release that are not historical facts are forward-looking statements. NHC cautions investors that any forward-looking statements made involve risks and uncertainties and are not guarantees of future performance. The risks and uncertainties are detailed from time to time in reports filed by NHC with the S.E.C., including Forms 8-K, 10-Q and 10-K, and include, among others, the following: liabilities and other claims asserted against us and patient care liabilities, as well as the resolution of current litigation; availability of insurance and assets for indemnification; national and local economic conditions; including their effect on the availability and cost of labor, utilities and materials; the effect of government regulations and changes in regulations governing the healthcare industry, including our compliance with such regulations; changes in Medicare and Medicaid payment levels and methodologies and the application of such methodologies by the government and its fiscal intermediaries, the ability of third parties for whom we have guaranteed debt to refinance certain short term debt obligations; and other factors referenced or incorporated by reference in the S.E.C. filings. The risks included here are not exhaustive. All forward-looking statements represent NHC’s best judgment as of the date of this release.

About NHC

NHC affiliates operate for themselves and third parties 75 skilled nursing facilities with 9,473 beds. NHC affiliates also operate 24 assisted living communities, five independent living communities, one behavioral health hospital, 34 homecare agencies, and 28 hospice agencies. NHC’s other services include Alzheimer’s and memory care units, pharmacy services, a rehabilitation services company, and providing management and accounting services to third party post-acute operators. Other information about the company can be found on our web site at www.nhccare.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211104006367/en/

Brian F. Kidd, SVP/Controller

Phone: (615) 890-2020

Source: National HealthCare Corporation

FAQ

What is the dividend amount for NHC?

The dividend amount for NHC is 55 cents per common share.

When is NHC's dividend payment date?

NHC's dividend payment date is February 1, 2022.

Who qualifies for NHC's dividend?

To qualify for NHC's dividend, you must be a shareholder of record by December 31, 2021.

How often does NHC pay dividends?

NHC pays dividends quarterly.

Is the increase in NHC's dividend sustainable?

While the increase in NHC's dividend reflects positive financial performance, future sustainability depends on ongoing business conditions and revenue.