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

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Extendicare Inc (TSE:EXE) announced a monthly dividend on Thursday, August 29th, TickerTech reports. Shareholders of record on Monday, September 16th will be paid a dividend of 0.04 per share on Monday, September 16th. This represents a $0.48 dividend on an annualized basis and a yield of 5.67%. The ex-dividend date of this dividend is Thursday, August 29th.

Shares of EXE traded down C$0.10 during midday trading on Tuesday, reaching C$8.46. 283,250 shares of the stock were exchanged, compared to its average volume of 217,721. Extendicare has a 12-month low of C$5.95 and a 12-month high of C$9.02. The firm has a 50 day simple moving average of C$8.63 and a 200-day simple moving average of C$8.03. The company has a quick ratio of 0.68, a current ratio of 0.76 and a debt-to-equity ratio of 483.66. The company has a market cap of $760.68 million and a price-to-earnings ratio of 28.58.

A number of equities research analysts have recently weighed in on the company. National Bank Financial raised their price target on Extendicare from C$7.50 to C$8.50 and gave the stock a “sector perform” rating in a research note on Friday, May 17th. Royal Bank of Canada raised their price objective on Extendicare from C$8.50 to C$9.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 20th. CIBC raised their price objective on Extendicare from C$8.25 to C$8.50 in a research note on Thursday, May 16th. Echelon Wealth Partners raised Extendicare from a “hold” rating to a “buy” rating in a research note on Monday, August 19th. Finally, TD Securities raised their price objective on Extendicare from C$8.00 to C$8.50 and gave the company a “hold” rating in a research note on Thursday, May 16th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Extendicare currently has an average rating of “Hold” and an average target price of C$8.90.

Extendicare Company Profile

Extendicare Inc provides care and services for seniors in Canada. The company offers long term care services; retirement living services; and home health care services, such as nursing care, occupational, physical and speech therapy, and assistance with daily activities, as well as management and consulting services to third-party owners.

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Dividend History for Extendicare (TSE:EXE)

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