Extendicare Inc. (EXE) to Issue Monthly Dividend of $0.04 on August 15th

Extendicare Inc. (TSE:EXE) announced a monthly dividend on Monday, July 15th, Zacks reports. Shareholders 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 dividend on an annualized basis and a dividend yield of 6.23%. The ex-dividend date is Wednesday, July 31st.

Extendicare Price Performance

Shares of EXE stock opened at C$7.71 on Monday. The business has a fifty day simple moving average of C$7.41 and a 200 day simple moving average of C$7.30. The company has a market cap of C$642.86 million, a P/E ratio of 18.80 and a beta of 1.23. The company has a quick ratio of 0.98, a current ratio of 0.82 and a debt-to-equity ratio of 365.69. Extendicare has a twelve month low of C$5.75 and a twelve month high of C$8.04.

Extendicare (TSE:EXE) last posted its earnings results on Wednesday, May 15th. The company reported C$0.14 EPS for the quarter. Extendicare had a net margin of 2.63% and a return on equity of 37.03%. The firm had revenue of C$367.10 million during the quarter, compared to analysts’ expectations of C$310.00 million. On average, sell-side analysts forecast that Extendicare will post 0.4687697 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on EXE shares. TD Securities raised their target price on shares of Extendicare from C$7.50 to C$8.00 and gave the company a “hold” rating in a research report on Friday, May 17th. Royal Bank of Canada boosted their price objective on Extendicare from C$8.00 to C$8.50 and gave the stock a “sector perform” rating in a research 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.