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Healthcare Services Q1 Net Jumps, Dividend Increased

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Healthcare Services Group's  (NASDAQ: HCSG  ) 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.


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Eric Volkman
TMFVolkman

Eric has been writing about stocks and finance since the mid-1990s, when he lived in Prague, Czech Republic. Over the course of a varied career, he has also been a radio newscaster, an investment banker, and a bass player in a selection of rock and roll bands. A native New Yorker, he currently lives in Los Angeles.

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Related Tickers

7/31/2015 3:59 PM
HCSG $34.91 Up +0.10 +0.29%
Healthcare Service… CAPS Rating: ****

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