Encompass Health increases and declares dividend on common stock and announces increase in common stock repurchase authorization – StockTitan

Encompass Health raises dividend on common stock and authorizes more stock repurchases

Encompass Health has decided to increase its dividend on common stock and also announced an increase in its common stock repurchase authorization. This move shows the company’s commitment to providing value to its shareholders.

The decision to raise the dividend on common stock reflects Encompass Health’s confidence in its financial position and future prospects. By increasing the dividend, the company is rewarding its shareholders for their continued investment in the company.

Additionally, the increase in the common stock repurchase authorization indicates that Encompass Health believes its stock is undervalued. By repurchasing its own shares, the company can reduce the number of outstanding shares, which can help boost the stock price over time.

Overall, these actions demonstrate Encompass Health’s commitment to creating value for its shareholders and its confidence in its long-term growth prospects. Investors can look forward to benefiting from the increased dividend and the potential positive impact of the stock repurchases on the company’s stock price.