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

Extendicare Inc. (TSE:EXE) announced a monthly dividend on Monday, July 15th, Zacks reports. Investors of record on Wednesday, July 31st will be given a dividend of 0.04 per share on Thursday, August 15th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 6.25%. The ex-dividend date is Wednesday, July 31st.

Extendicare Price Performance

Shares of TSE EXE opened at C$7.68 on Tuesday. The firm has a market cap of C$640.36 million, a PE ratio of 18.73 and a beta of 1.23. The company has a current ratio of 0.82, a quick ratio of 0.98 and a debt-to-equity ratio of 365.69. Extendicare has a 1-year low of C$5.75 and a 1-year high of C$8.04. The company has a fifty day moving average price of C$7.41 and a 200 day moving average price of C$7.30.

Extendicare (TSE:EXE) last announced its earnings results on Wednesday, May 15th. The company reported C$0.14 earnings per share for the quarter. The firm had revenue of C$367.10 million during the quarter, compared to analyst estimates of C$310.00 million. Extendicare had a net margin of 2.63% and a return on equity of 37.03%. Research analysts predict that Extendicare will post 0.4687697 earnings per share for the current fiscal year.

Analysts Set New Price Targets

EXE has been the subject of a number of recent research reports. Royal Bank of Canada increased their price objective on shares of Extendicare from C$8.00 to C$8.50 and gave the stock a “sector perform” rating in a research note on Tuesday, May 21st. TD Securities increased their price objective on shares of Extendicare from C$7.50 to C$8.00 and gave the stock a “hold” rating in a research note on Friday, May 17th.

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.