Extendicare (TSE:EXE) Sets New 1-Year High - Here's Why

Extendicare Inc. (TSE:EXE - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as C$13.40 and last traded at C$13.33, with a volume of 7781 shares traded. The stock had previously closed at C$13.35.

Analyst Upgrades and Downgrades

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

Extendicare Trading Up 1.9 %

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 stock's 50-day moving average is C$12.99 and its two-hundred day moving average is C$11.16. The company has a market cap of C$1.17 billion, a P/E ratio of 17.93 and a beta of 1.26.

Extendicare Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 15th will be paid a $0.042 dividend. This is an increase from Extendicare's previous monthly dividend of $0.04. This represents a $0.50 dividend on an annualized basis and a dividend yield of 3.58%. The ex-dividend date of this dividend is Wednesday, April 30th. Extendicare's dividend payout ratio (DPR) is 61.20%.

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.