Healthcare Services Q1 Net Jumps, Dividend Increased
Healthcare Services Group's 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.
The article Healthcare Services Q1 Net Jumps, Dividend Increased originally appeared on Fool.com.Fool contributor Eric Volkman has no position in Healthcare Services Group, and neither does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.