Encompass Health Increases Quarterly Dividend ~13% To $0.17/Share, Resets Stock Repurchase Authorization To $500M
Portfolio Pulse from Benzinga Newsdesk
Encompass Health has announced a 13% increase in its quarterly dividend to $0.17 per share and has reset its stock repurchase authorization to $500 million.
July 24, 2024 | 12:31 pm
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POSITIVE IMPACT
Encompass Health has increased its quarterly dividend by 13% to $0.17 per share and reset its stock repurchase authorization to $500 million. This move signals strong financial health and a commitment to returning value to shareholders.
The increase in dividend and the substantial stock repurchase authorization indicate that Encompass Health is in a strong financial position and is focused on returning value to its shareholders. This is likely to have a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100