Healthcare Services Group (HCSG) Raises Quarterly Dividend 0.6% to $0.20; 3.1% Yield

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Healthcare Services Group, Inc. Reports Q3 Results, Cash Dividend Increase

October 22, 2019 4:25 PM EDT

BENSALEM, Pa.--(BUSINESS WIRE)-- Healthcare Services Group, Inc. (NASDAQ: HCSG) (the Company) reported for the three months ended September 30, 2019 revenue of $455 million, net income of $18.3 million or $0.25 per basic and diluted common share and cash flow from operations of $60 million. The Company declared a quarterly cash dividend of $0.20 per share, its 66th consecutive quarterly cash dividend.

Third Quarter Results

Revenue for the quarter was $455 million, with dining & nutrition and housekeeping & laundry segment revenues reported at $230 million and $225 million, respectively. New business added during the... More