NHC Announces Common Dividend
National HealthCare Corporation (NHC) announced a quarterly dividend of 52 cents per common share, payable on May 3, 2021, to shareholders of record as of March 31, 2021. As the oldest publicly traded long-term healthcare company in the U.S., NHC operates 76 skilled nursing centers with 9,463 beds, along with various other healthcare facilities and services. The company cautioned investors about forward-looking statements, highlighting potential risks including regulatory changes, economic conditions, and patient care liabilities.
- Quarterly dividend of 52 cents indicates strong income for shareholders.
- Record date for dividend payment solidifies company confidence in cash flow.
- Potential liabilities and claims against the company could affect financial stability.
- Economic conditions may impact labor and operational costs, affecting profitability.
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 52 cents per common share to shareholders of record on March 31, 2021 and payable on May 3, 2021.
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 76 skilled nursing centers with 9.463 beds. NHC affiliates also operate 24 assisted living communities, five independent living centers, one behavioral health hospital, and 35 homecare programs. NHC’s other services include Alzheimer’s and memory care units, hospice services, 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.
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