Healthcare Services Group's (HCSG 2.05%) results for the first quarter have been released: Revenue was just under $274 million, an improvement over the $261 million in the same period the previous year. Net income advanced much more robustly, by 74%, on a year-over-year basis to land at nearly $15 million ($0.22 per diluted share). Q1 2012's bottom line was $8.6 million ($0.13).
Analysts had expected revenue of almost $276 million and EPS of $0.19.
Healthcare Services also announced a boost in its common stock dividend. The company will pay $0.1675 per share on June 14 to stockholders of record as of May 10, trumping its previous payout of $0.1663 per share. The new dividend annualizes to $0.67, yielding 2.7% at the current stock price of $24.51.
