Healthcare Services Group (HCSG) Raises Quarterly Dividend 0.9% to $0.175; 2.6% Yield
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Healthcare Services Group, Inc. Provides Update on Insurance Programs and Related Charges, Announces New Service Agreements to Commence During Fourth Quarter, Reports Results for the Three and Nine Mo
October 14, 2014 4:30 PM EDTBENSALEM, Pa., Oct. 14, 2014 (GLOBE NEWSWIRE) -- Healthcare Services Group, Inc. (Nasdaq: HCSG) announced that in fiscal year 2015, it will transition its workers compensation and certain employee health & welfare insurance programs to HCSG Insurance Corp. ("HCSG Insurance" or the "Captive"), its wholly owned captive insurance subsidiary. HCSG Insurance currently provides general liability coverage to the Company. As previously announced, HCSG Insurance was formed in January 2014 to provide the Company with greater flexibility and cost efficiency in meeting its property & casualty and health & welfare needs, including health insurance requirements for individual client facilities mandated by The... More
