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

Extendicare Inc. (TSE:EXE) announced a monthly dividend on Monday, April 15th, TickerTech reports. Shareholders of record on Tuesday, April 30th will be given a dividend of 0.04 per share on Wednesday, May 15th. This represents a $0.48 annualized dividend and a yield of 6.58%. The ex-dividend date is Monday, April 29th.

Extendicare Stock Performance

EXE opened at C$7.30 on Friday. Extendicare has a 1-year low of C$5.75 and a 1-year high of C$7.90. The company has a current ratio of 0.83, a quick ratio of 0.98 and a debt-to-equity ratio of 380.48. The company has a market cap of C$607.07 million, a P/E ratio of 18.25 and a beta of 1.22. The company has a fifty day moving average price of C$7.26 and a two-hundred day moving average price of C$6.95.

Extendicare (TSE:EXE) last posted its earnings results on Thursday, March 7th. The company reported C$0.10 EPS for the quarter. The company had revenue of C$350.18 million during the quarter. Extendicare had a net margin of 2.60% and a return on equity of 36.03%. Analysts predict that Extendicare will post 0.3856691 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Leede Jones Gable boosted their target price on shares of Extendicare from C$7.00 to C$8.50 and gave the stock a “buy” rating in a research report on Monday, March 11th. TD Securities boosted their target price on shares of Extendicare from C$7.00 to C$7.50 and gave the stock a “hold” rating in a research report on Monday, March 11th. Finally, Royal Bank of Canada boosted their target price on shares of Extendicare from C$7.50 to C$8.00 and gave the stock a “sector perform” rating in a research report on Monday, March 11th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of C$7.88.

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.