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

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

Extendicare Price Performance

Shares of EXE stock opened at C$7.30 on Friday. Extendicare has a 12-month low of C$5.75 and a 12-month high of C$7.90. The firm has a market capitalization of C$607.07 million, a price-to-earnings ratio of 18.25 and a beta of 1.22. The company has a quick ratio of 0.98, a current ratio of 0.83 and a debt-to-equity ratio of 380.48. The firm has a fifty day moving average of C$7.26 and a 200-day moving average of C$6.95.

Extendicare (TSE:EXE) last announced its quarterly earnings results on Thursday, March 7th. The company reported C$0.10 earnings per share (EPS) for the quarter. Extendicare had a net margin of 2.60% and a return on equity of 36.03%. The company had revenue of C$350.18 million during the quarter. On average, equities research analysts forecast that Extendicare will post 0.3856691 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on EXE. TD Securities boosted their price target on shares of Extendicare from C$7.00 to C$7.50 and gave the company a “hold” rating in a report on Monday, March 11th. Leede Jones Gable upped 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 note on Monday, March 11th. Finally, Royal Bank of Canada upped 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 note on Monday, March 11th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Extendicare currently has an average rating of “Hold” and an average price target of C$7.88.

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.