Healthcare Services Group
New Dividend: 16.375 cents quarterly (per share)
Dividend Percent Increase: 0.77%Current Yield: 3.11% Small-cap service firm Healthcare Services Group (HCSG - Get Report) may have only hiked its dividend by 0.77% on Tuesday, but the move was more than ceremonial. HCSG's hike to 16.375 cents per share puts the firm's dividend yield at an attractive 3.11% given current price levels. >>5 Health Care Stocks Setting Up to Break Out The firm services health care facilities, managing the housekeeping and food service needs of hospitals, nursing homes, and rehab centers. Because of that exposure, shares have been rallying hard in the last month, buoyed by the Supreme Court affirmation of Obamacare, a decision that should have positive impacts on healthcare facilities. While HCSG's small-cap status introduces more volatility than a bigger alternative, its pure-play positioning as a servicer (not an owner) makes it a nice secondary name for income investors looking for healthcare exposure.
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