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

Extendicare Inc. (TSE:EXE) declared a monthly dividend on Monday, September 16th, Zacks reports. Investors of record on Monday, September 30th will be given a dividend of 0.04 per share on Tuesday, October 15th. This represents a $0.48 annualized dividend and a yield of 5.17%. The ex-dividend date of this dividend is Monday, September 30th.

Extendicare Stock Performance

Shares of Extendicare stock opened at C$9.28 on Tuesday. The stock has a market capitalization of C$774.60 million, a price-to-earnings ratio of 13.65 and a beta of 1.26. The company has a debt-to-equity ratio of 305.80, a current ratio of 0.60 and a quick ratio of 0.98. The business has a 50-day moving average of C$8.07 and a 200 day moving average of C$7.62. Extendicare has a 12 month low of C$5.75 and a 12 month high of C$9.48.

Extendicare (TSE:EXE) last posted its quarterly earnings data on Monday, August 12th. The company reported C$0.29 EPS for the quarter. The business had revenue of C$348.48 million during the quarter, compared to analyst estimates of C$360.20 million. Extendicare had a net margin of 4.28% and a return on equity of 60.00%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. TD Securities increased their price objective on Extendicare from C$9.00 to C$9.50 and gave the company a “hold” rating in a research note on Wednesday, September 4th. Royal Bank of Canada increased their price target on Extendicare from C$8.50 to C$9.50 in a research report on Monday, August 19th.

About Extendicare

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.