In section Market Quotes

Encompass Health Boosts Quarterly Dividend to 21 Cents

Shareholders of Birmingham-based Encompass Health are set for a payout bump after the board approved a 10.5% increase in the quarterly dividend. The rehabilitation hospital operator will move from 19 cents to 21 cents per share, marking a shift in the company’s capital return strategy following Wednesday’s market close.

Encompass Health Boosts Quarterly Dividend to 21 Cents

The new dividend rate, which totals 84 cents on an annualized basis, yields approximately 0.76% based on the stock’s recent closing price of $111.02. This represents a modest uptick from the previous 0.68% yield, reflecting the company’s latest financial adjustment.

Investors on the books as of October 1 will receive the increased payment on October 15. The adjustment underscores the current fiscal positioning of the Alabama-based provider as it manages its portfolio of rehabilitation facilities.

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