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National HealthCare Corporation (NHC) has announced a quarterly dividend of 57 cents per common share. This dividend is set for shareholders of record on December 30, 2022, with a payment date of February 1, 2023. NHC, the oldest publicly traded long-term health care company in the U.S., operates numerous healthcare facilities including 68 skilled nursing facilities and 23 assisted living communities. The company emphasizes the importance of understanding risks associated with forward-looking statements in its press release.
Positive
Quarterly dividend of 57 cents per share enhances shareholder income.
Company operates a substantial number of healthcare facilities, indicating strong market presence.
Negative
Potential risks related to liabilities and claims could impact financial performance.
Dependence on Medicare and Medicaid payment methodologies may pose revenue risks.
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 December 30, 2022 and payable on February 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 with 8,726 beds. NHC affiliates also operate 23 assisted living communities with 1,181 units, five independent living communities with 475 units, 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.