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Healthcare Services Q1 Net Jumps, Dividend Increased

By Eric Volkman - Apr 9, 2013 at 7:17PM

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The senior living and hospital services provider reports a strong quarter, and rewards its shareholders accordingly.

Healthcare Services Group's (HCSG -2.52%) 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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Healthcare Services Group, Inc. Stock Quote
Healthcare Services Group, Inc.
$17.05 (-2.52%) $0.44

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