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

Extendicare Inc. (TSE:EXE) announced a monthly dividend on Monday, September 16th, Zacks reports. Shareholders of record on Monday, September 30th will be paid 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 Down 1.3 %

TSE EXE opened at C$9.28 on Tuesday. The business’s fifty day simple moving average is C$8.07 and its 200-day simple moving average is C$7.62. The company has a quick ratio of 0.98, a current ratio of 0.60 and a debt-to-equity ratio of 305.80. The firm has a market cap of C$774.60 million, a PE ratio of 13.65 and a beta of 1.26. Extendicare has a 52 week low of C$5.75 and a 52 week high of C$9.48.

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

Analysts Set New Price Targets

EXE has been the subject of several recent analyst reports. Royal Bank of Canada raised their target price on Extendicare from C$8.50 to C$9.50 in a research note on Monday, August 19th. TD Securities boosted their price objective on shares of Extendicare from C$9.00 to C$9.50 and gave the company a “hold” rating in a report on Wednesday, September 4th.

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.