HCA Healthcare, Inc. (HCA), formerly HCA Holdings, Inc., will reinstate its quarterly dividend with a 48 cent per share payment in 2021. Last year the company suspended its quarterly dividend in 2020 because of the COVID-19 pandemic. The operator of hospitals and other sites of care hiked its quarterly dividend by 7.5 percent to $0.43 per share in Q1 of 2020.

The dividend will be paid on March 31, 2021 to stockholders of record at the close of business on March 17, 2021. A new annual rate of $1.92 per share yields 1.1% at a stock price of $173.

In April 2020, the Company announced the suspension of its quarterly dividend program to enhance its operational and financial flexibility during the COVID-19 pandemic. HCA Healthcare will pay an estimated $650 million in dividends to shareholders annually.

HCA Healthcare, Inc. owns and operates hospitals and sites of care, including surgery centers, free standing emergency rooms, urgent care centers and physician clinics in the United States and the United Kingdom. HCA Healthcare is the largest private provider of healthcare in the United States. In addition to its hospitals and other acute care settings, HCA Healthcare operations and services also include CareNow, the Ambulatory Surgery Division, Sarah Cannon Cancer Institutes of HCA Healthcare, HCA Healthcare’s physician practices, Parallon and HealthTrust.