HealthSouth (HLS) will raise its quarterly dividend by 16.7 percent to 21 cents per share in 2014. The company initiated a quarterly dividend of $0.18 per share last year and this is the first dividend hike.
HealthSouth is a provider of post-acute healthcare services, offering both facility-based and home-based post-acute services in 36 states and Puerto Rico through its network of inpatient rehabilitation hospitals, home health agencies, and hospice agencies.