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

Extendicare Inc. (TSE:EXE) announced a monthly dividend on Friday, February 28th, TickerTech Dividends reports. Shareholders of record on Monday, March 17th will be given a dividend of 0.04 per share on Monday, March 17th. This represents a $0.48 annualized dividend and a yield of 4.03%. The ex-dividend date is Friday, February 28th.

Extendicare Trading Up 3.1 %

Shares of EXE traded up C$0.36 during mid-day trading on Wednesday, reaching C$11.91. The stock had a trading volume of 130,363 shares, compared to its average volume of 155,982. The business’s fifty day moving average is C$10.58 and its 200 day moving average is C$9.67. 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 firm has a market cap of C$994.09 million, a price-to-earnings ratio of 15.19 and a beta of 1.26. Extendicare has a 52-week low of C$6.63 and a 52-week high of C$11.95.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. TD Securities raised their price target on Extendicare from C$9.50 to C$10.50 and gave the stock a “hold” rating in a research report on Thursday, November 14th. BMO Capital Markets set a C$11.00 price target on shares of Extendicare and gave the company a “market perform” rating in a research report on Thursday, January 30th. Cormark raised Extendicare to a “moderate buy” rating in a report on Wednesday, February 19th. Finally, Royal Bank of Canada upped their price target on Extendicare from C$9.50 to C$11.00 and gave the stock a “sector perform” rating in a report on Thursday, November 28th. Three research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of C$10.25.

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.