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

Extendicare Inc. (TSE:EXE - Get Free Report) announced a monthly dividend on Monday, April 29th, TickerTech reports. Stockholders of record on Wednesday, May 15th 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 6.60%. The ex-dividend date is Monday, April 29th.

Extendicare Stock Down 0.5 %

TSE EXE traded down C$0.04 on Tuesday, reaching C$7.27. The company had a trading volume of 62,552 shares, compared to its average volume of 123,429. 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 company's fifty day moving average is C$7.19 and its 200 day moving average is C$6.88. Extendicare has a 52-week low of C$5.75 and a 52-week high of C$7.90. The stock has a market capitalization of C$604.57 million, a P/E ratio of 18.28 and a beta of 1.22.

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

Analysts Set New Price Targets

Several research firms have weighed in on EXE. TD Securities boosted their price objective on Extendicare from C$7.00 to C$7.50 and gave the stock a "hold" rating in a research report on Monday, March 11th. Leede Jones Gable increased their price target on shares of Extendicare from C$7.00 to C$8.50 and gave the company a "buy" rating in a research report on Monday, March 11th. Finally, Royal Bank of Canada lifted their price objective on shares of Extendicare from C$7.50 to C$8.00 and gave the stock a "sector perform" rating in a research report on Monday, March 11th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, Extendicare 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.