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National HealthCare Corporation (NHC) announced a quarterly dividend of 57 cents per common share, payable on May 1, 2023, to shareholders on record as of March 31, 2023. This marks a continued commitment to shareholder returns amidst ongoing industry challenges. NHC operates numerous healthcare facilities and services, making it a significant player in the long-term care sector. Investors are reminded that forward-looking statements come with inherent risks and uncertainties, including legal liabilities and changes in regulatory environments, as detailed in SEC filings.
Positive
Quarterly dividend of 57 cents per share reinforces commitment to shareholders.
Extensive operational network including 68 skilled nursing facilities and 23 assisted living communities.
Negative
Potential risks associated with legal liabilities and patient care.
Exposure to changes in government regulations affecting healthcare funding.
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 57 cents per common share to shareholders of record on March 31, 2023 and payable on May 1, 2023.
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 68 skilled nursing facilities, 23 assisted living communities, five independent living centers, three behavioral health hospitals, 35 homecare agencies, and 29 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.
