MISSION VIEJO, Calif., Dec. 22 The Ensign Group, Inc. (Nasdaq: ENSG) announced today that its Board of Directors has declared a quarterly cash dividend of $0.045 per share of Ensign common stock, which is an increase from the prior quarterly cash dividend of $0.04 per share. The dividend, which was unanimously approved by the Board on December 10, 2008, is payable on or before January 31, 2009 to shareholders of record as of December 31, 2008.
"The increased dividend is consistent with our improved earnings, strong cash flow and additional growth in 2008," commented Ensign President and Chief Executive Officer Christopher Christensen. "It reflects our continued confidence in our operating model, and in our ability to return value to our shareholders in a difficult economy," he added.
Ensign has been a dividend-paying company since 2002.
The Ensign Group, Inc.'s operating subsidiaries provide a broad spectrum of skilled nursing and assisted living services, physical, occupational and speech therapies, and other rehabilitative and healthcare services for both long-term residents and short-stay rehabilitation patients, at 63 facilities located in California, Arizona, Texas, Washington, Utah and Idaho. More information about Ensign is available at http://www.ensigngroup.net.
SOURCE The Ensign Group, Inc.