Extendicare Inc. (TSE:EXE) Announces $0.04 Quarterly Dividend

Key Points

• Extendicare Inc. declared a quarterly dividend of C$0.04 per share, payable on September 15th to shareholders of record as of August 29th, resulting in an annualized yield of 1.3%.
• Extendicare's stock has been trading at C$12.66, with a market cap of C$1.06 billion and significant growth potential indicated by analysts, who have set price targets ranging from C$14.50 to C$15.40.
• The company's performance shows a current ratio of 0.62 and a high debt-to-equity ratio of 283.02, raising potential concerns about financial stability compared to growth forecasts.

Extendicare Inc. (TSE:EXE - Get Free Report) declared a quarterly dividend on Wednesday, August 6th, RTT News reports. Stockholders of record on Friday, August 29th will be given a dividend of 0.042 per share on Monday, September 15th. This represents a c) dividend on an annualized basis and a dividend yield of 1.3%.

Extendicare Price Performance

Shares of TSE EXE traded up C$0.50 during mid-day trading on Friday, reaching C$13.17. The company's stock had a trading volume of 374,084 shares, compared to its average volume of 187,421. The company has a debt-to-equity ratio of 283.02, a current ratio of 0.62 and a quick ratio of 0.98. The firm has a market capitalization of C$1.10 billion, a PE ratio of 16.79 and a beta of 1.26. Extendicare has a 52 week low of C$7.58 and a 52 week high of C$15.24. The stock has a fifty day moving average of C$13.47 and a two-hundred day moving average of C$13.02.

About Extendicare

Extendicare Inc, operating solely in Canada, is the largest private-sector owner and operator of long-term care (LTC") homes and one of the largest private-sector providers of publicly funded home health care services.