Extendicare Inc. (EXE) to Issue Monthly Dividend of $0.04 on March 17th

Extendicare Inc. (TSE:EXE) declared a monthly dividend on Friday, February 28th, TickerTech Dividends reports. Stockholders of record on Monday, March 17th will be paid a dividend of 0.04 per share on Monday, March 17th. This represents a $0.48 annualized dividend and a dividend yield of 4.06%. The ex-dividend date of this dividend is Friday, February 28th.

Extendicare Stock Up 2.3 %

Shares of EXE traded up C$0.27 during midday trading on Wednesday, reaching C$11.82. The stock had a trading volume of 86,067 shares, compared to its average volume of 153,731. 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 company’s fifty day simple moving average is C$10.58 and its two-hundred day simple moving average is C$9.67. The company has a market cap of C$986.58 million, a price-to-earnings ratio of 15.07 and a beta of 1.26. Extendicare has a 1-year low of C$6.63 and a 1-year high of C$11.83.

Analyst Upgrades and Downgrades

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