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

Extendicare Inc. (TSE:EXE) declared a monthly dividend on Monday, April 15th, TickerTech reports. Investors 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 dividend on an annualized basis and a yield of 6.57%. The ex-dividend date is Monday, April 29th.

Extendicare Price Performance

Shares of EXE stock traded up C$0.04 during trading hours on Wednesday, reaching C$7.31. The company’s stock had a trading volume of 13,982 shares, compared to its average volume of 121,934. The company has a quick ratio of 0.98, a current ratio of 0.83 and a debt-to-equity ratio of 380.48. Extendicare has a fifty-two week low of C$5.75 and a fifty-two week high of C$7.90. The company has a market capitalization of C$607.90 million, a price-to-earnings ratio of 18.18 and a beta of 1.22. The firm’s 50 day simple moving average is C$7.20 and its 200-day simple moving average is C$6.89.

Extendicare (TSE:EXE) last issued its earnings results on Thursday, March 7th. The company reported C$0.10 EPS for the quarter. Extendicare had a return on equity of 36.03% and a net margin of 2.60%. Sell-side analysts forecast that Extendicare will post 0.3856691 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on EXE. Leede Jones Gable increased their price target on Extendicare from C$7.00 to C$8.50 and gave the company a “buy” rating in a research note on Monday, March 11th. TD Securities boosted their price target on Extendicare from C$7.00 to C$7.50 and gave the stock a “hold” rating in a report on Monday, March 11th. Finally, Royal Bank of Canada raised their price objective on shares of Extendicare from C$7.50 to C$8.00 and gave the company a “sector perform” rating in a report on Monday, March 11th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price 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.