BIRMINGHAM, Ala., July 24,
2024 /PRNewswire/ -- Encompass Health Corp.
(NYSE:EHC) today announced that its board of directors approved an
increase in the Company's quarterly dividend of approximately 13%
and declared a quarterly cash dividend on its common stock of
$0.17 per share, payable on
Oct. 15, 2024, to holders of record on
Oct. 1, 2024.
Encompass Health also announced its board approved resetting the
aggregate common stock repurchase authorization to $500 million. The Company repurchased
approximately $17 million of its
common stock during the second quarter and had approximately
$181 million remaining under the
prior authorization as of June 30,
2024.
About Encompass Health
Encompass Health (NYSE: EHC)
is the largest owner and operator of rehabilitation hospitals in
the United States. With a national
footprint that includes 163 hospitals in 37 states and Puerto Rico, the Company provides
high-quality, compassionate rehabilitative care for patients
recovering from a major injury or illness, using advanced
technology and innovative treatments to maximize recovery.
Encompass Health is ranked as one of Fortune's World's Most Admired
Companies and Becker's Hospital Review's 150 Top Places to Work in
Healthcare. For more information, visit encompasshealth.com, or
follow us on our newsroom, Twitter, Instagram and Facebook.
Forward-Looking Statements
Statements contained in this press release which are not
historical facts, such as the timing and amounts of dividends and
common stock repurchases, are forward-looking within the
meaning of the Private Securities Litigation Reform Act of
1995. In addition, Encompass Health, through its senior
management, may from time to time make forward-looking public
statements concerning the matters described herein. All such
estimates, projections, and forward-looking statements speak only
as of the date hereof, and Encompass Health undertakes no duty to
publicly update or revise such forward-looking statements, whether
as a result of new information, future events, or otherwise. Such
forward-looking statements are necessarily estimates based upon
current information and involve a number of risks and
uncertainties. Actual events or results may differ materially from
those anticipated in these forward-looking statements as a result
of a variety of factors. While it is impossible to identify all
such factors, factors which could cause actual events or results to
differ materially from those estimated by Encompass Health include,
but are not limited to, the legal, regulatory and
administrative developments that occur at the federal, state and
local levels; general conditions in the economy and capital
markets, including any instability or uncertainty related to armed
conflict or an act of terrorism, governmental impasse over approval
of the United States federal
budget, an increase in the debt ceiling, or an international
sovereign debt crisis; Encompass Health's ability to
comply with extensive, complex, and ever-changing regulations in
the healthcare industry; potential disruptions, breaches, or other
incidents affecting the proper operation, availability, or security
of Encompass Health's information systems, including unauthorized
access to or theft of patient, business associate, or other
sensitive information; changes, delays in (including in connection
with resolution of Medicare payment reviews or appeals), or
suspension of reimbursement for Encompass Health's services by
governmental or private payors; the price of our common stock which
could adversely affect our willingness and ability to repurchase
common stock, and other factors which may be identified from time
to time in Encompass Health's SEC filings and other public
announcements, including Encompass Health's
Form 10‑K for the year ended December 31,
2023, and Form 10-Q for the quarter ended
Mar. 31, 2024.
Media Contact:
Polly
Manuel | 205-970-5912
polly.manuel@encompasshealth.com
Investor Relations Contact:
Mark Miller | 205-970-5860
mark.miller@encompasshealth.com
View original content to download
multimedia:https://www.prnewswire.com/news-releases/encompass-health-increases-and-declares-dividend-on-common-stock-and-announces-increase-in-common-stock-repurchase-authorization-302205321.html
SOURCE Encompass Health Corp.