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

Extendicare Inc. (TSE:EXE - Get Free Report) declared a monthly dividend on Wednesday, April 30th, TickerTech Dividends reports. Investors of record on Thursday, May 15th will be paid a dividend of 0.042 per share on Thursday, May 15th. This represents a $0.50 dividend on an annualized basis and a yield of 3.58%. The ex-dividend date of this dividend is Wednesday, April 30th. This is a 5.0% increase from Extendicare's previous monthly dividend of $0.04.

Extendicare Price Performance

TSE EXE traded up C$0.26 on Thursday, reaching C$14.06. The company's stock had a trading volume of 215,306 shares, compared to its average volume of 188,338. The company has a debt-to-equity ratio of 283.02, a quick ratio of 0.98 and a current ratio of 0.62. Extendicare has a twelve month low of C$7.10 and a twelve month high of C$14.20. The stock has a market cap of C$1.17 billion, a PE ratio of 17.93 and a beta of 1.26. The firm's 50 day moving average is C$12.99 and its two-hundred day moving average is C$11.16.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on EXE shares. Cormark raised shares of Extendicare to a "moderate buy" rating in a research note on Wednesday, February 19th. TD Securities upped their target price on shares of Extendicare from C$10.50 to C$13.00 and gave the company a "hold" rating in a research note on Monday, March 3rd. Finally, BMO Capital Markets increased their price target on shares of Extendicare from C$11.00 to C$13.50 in a research note on Monday, March 3rd.

Extendicare Company Profile

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.