Extendicare Inc. (TSE:EXE) to Issue Monthly Dividend of $0.04

Extendicare Inc. (TSE:EXE) declared a monthly dividend on Monday, July 15th, Zacks reports. Investors of record on Wednesday, July 31st will be paid a dividend of 0.04 per share on Thursday, August 15th. This represents a $0.48 annualized dividend and a yield of 6.25%. The ex-dividend date of this dividend is Wednesday, July 31st.

Extendicare Stock Down 0.4 %

Shares of EXE stock opened at C$7.68 on Tuesday. The firm has a market capitalization of C$640.36 million, a PE ratio of 18.73 and a beta of 1.23. Extendicare has a fifty-two week low of C$5.75 and a fifty-two week high of C$8.04. The stock’s 50-day simple moving average is C$7.41 and its 200-day simple moving average is C$7.30. The company has a debt-to-equity ratio of 365.69, a quick ratio of 0.98 and a current ratio of 0.82.

Extendicare (TSE:EXE) last released its earnings results on Wednesday, May 15th. The company reported C$0.14 earnings per share for the quarter. The business had revenue of C$367.10 million for the quarter, compared to the consensus estimate of C$310.00 million. Extendicare had a return on equity of 37.03% and a net margin of 2.63%. Equities analysts expect that Extendicare will post 0.4687697 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on EXE shares. TD Securities lifted their target price on Extendicare from C$7.50 to C$8.00 and gave the company a “hold” rating in a report on Friday, May 17th. Royal Bank of Canada boosted their target price on Extendicare from C$8.00 to C$8.50 and gave the company a “sector perform” rating in a report on Tuesday, May 21st.

Extendicare Company Profile

Extendicare Inc, through its subsidiaries, provides care and services for seniors in Canada. The company offers long term care (LTC) services; and home health care services, such as nursing care, occupational, physical and speech therapy, and assistance with daily activities, as well as management, consulting, and other services to third parties.