The Ensign Group, Inc. Increases Quarterly Dividend by 8.3% to $0.065 Per Share and Accelerates Payment Date
MISSION VIEJO, Calif., Dec 4, 2012 (GlobeNewswire via COMTEX) --
The Ensign Group, Inc. (Nasdaq:ENSG), the parent company of the Ensign(TM) group of skilled nursing, rehabilitative care services, hospice care, assisted living and urgent care companies, today announced that its board of directors has declared a quarterly cash dividend of $0.065 per share of Ensign common stock, payable on or before December 28, 2012 to shareholders of record as of December 17, 2012.
"The increased dividend is consistent with our improved earnings, strong cash flow and additional growth in 2012," commented Ensign President and Chief Executive Officer Christopher Christensen. "It reflects our continued confidence in our operating model and in our ability to return long-term value to our shareholders," he added.
Ensign has historically declared a dividend payment in December with a payment date in the first quarter of the next year. However, the board of directors determined to accelerate this dividend payment in lieu of making a dividend payment in the first quarter of 2013. Mr. Christensen confirmed that the Company expects to continue paying quarterly dividends in 2013 and growing and diversifying its business.
Ensign has been a dividend-paying company since 2002.
The Ensign Group, Inc.'s independent operating subsidiaries provide a broad spectrum of skilled nursing and assisted living services, physical, occupational and speech therapies, home health and hospice services, urgent care services and other rehabilitative and healthcare services at 107 facilities, four hospice companies and six home health businesses in California, Arizona, Texas, Washington, Utah, Idaho, Colorado, Nevada, Iowa, Nebraska and Oregon. More information about Ensign is available at http://www.ensigngroup.net.
The Ensign Group, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/ pkgid=13849
This news release was distributed by GlobeNewswire, www.globenewswire.com
SOURCE: The Ensign Group, Inc.
CONTACT: The Ensign Group, Inc., (949) 487-9500, firstname.lastname@example.org
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