National HealthCare Co. (NYSEMKT:NHC) insider David L. Lassiter sold 2,704 shares of National HealthCare stock in a transaction that occurred on Friday, September 16th. The shares were sold at an average price of $64.50, for a total value of $174,408.00. Following the sale, the insider now directly owns 17,500 shares in the company, valued at approximately $1,128,750. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Shares of National HealthCare Co. (NYSEMKT:NHC) opened at 64.97 on Wednesday. National HealthCare Co. has a 52 week low of $57.16 and a 52 week high of $69.40. The company’s 50-day moving average price is $64.62 and its 200 day moving average price is $63.99. The company has a market cap of $992.68 million, a P/E ratio of 19.13 and a beta of 0.91.

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Friday, September 30th will be paid a dividend of $0.45 per share. The ex-dividend date is Wednesday, September 28th. This represents a $1.80 annualized dividend and a yield of 2.77%. National HealthCare’s payout ratio is presently 52.94%.

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About National HealthCare

National HealthCare Corporation (NHC) is engaged in the operation of skilled nursing facilities with associated assisted living and independent living centers. The Company’s business activities include providing sub-acute skilled and post-acute skilled nursing care, intermediate nursing care, rehabilitative care, senior living services, and home healthcare services.

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