Extendicare Inc. (EXE) to Issue Monthly Dividend of $0.04 on June 15th

Extendicare Inc. (TSE:EXE) declared a monthly dividend on Friday, May 29th, TickerTech Dividends reports. Stockholders of record on Monday, June 15th will be paid a dividend of 0.0441 per share on Monday, June 15th. This represents a c) annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Friday, May 29th.

Extendicare Price Performance

Shares of TSE EXE opened at C$33.82 on Wednesday. The firm’s 50-day moving average price is C$29.48 and its 200-day moving average price is C$25.00. Extendicare has a 1-year low of C$12.12 and a 1-year high of C$35.62. The firm has a market capitalization of C$3.21 billion, a P/E ratio of 24.89 and a beta of 1.27. The company has a current ratio of 1.44, a quick ratio of 0.98 and a debt-to-equity ratio of 82.55.

Extendicare (TSE:EXE) last posted its earnings results on Thursday, May 7th. The company reported C$0.42 EPS for the quarter. Extendicare had a net margin of 6.99% and a return on equity of 45.35%. The company had revenue of C$465.22 million during the quarter. Equities research analysts anticipate that Extendicare will post 0.6134729 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the stock. TD increased their target price on shares of Extendicare from C$32.00 to C$39.00 and gave the company a “buy” rating in a research report on Monday, May 11th. Canadian Imperial Bank of Commerce increased their target price on shares of Extendicare from C$22.00 to C$32.00 in a research note on Thursday, April 2nd. National Bank Financial increased their target price on shares of Extendicare from C$32.00 to C$34.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 12th. Desjardins set a C$34.50 price objective on shares of Extendicare and gave the company a “buy” rating in a research report on Wednesday, April 22nd. Finally, BMO Capital Markets raised their price objective on shares of Extendicare from C$30.00 to C$38.00 in a research report on Wednesday, May 13th. Two equities research analysts have rated the stock with a Strong Buy rating and six have issued a Buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of C$31.89.

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.