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

Extendicare Inc. (TSE:EXE) declared 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 4.10%. The ex-dividend date is Friday, February 28th.

Extendicare Stock Up 1.4 %

Shares of TSE:EXE traded up C$0.16 on Wednesday, reaching C$11.71. The company had a trading volume of 42,058 shares, compared to its average volume of 153,403. The stock has a market capitalization of C$977.40 million, a P/E ratio of 14.93 and a beta of 1.26. The stock has a 50-day moving average price of C$10.58 and a 200 day moving average price of C$9.67. Extendicare has a twelve month low of C$6.63 and a twelve month high of C$11.77. The company has a quick ratio of 0.98, a current ratio of 0.62 and a debt-to-equity ratio of 283.02.

Wall Street Analyst Weigh In

EXE has been the subject of a number of recent analyst reports. TD Securities upped their target price 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 report on Thursday, January 30th. Cormark upgraded Extendicare to a “moderate buy” rating in a research note on Wednesday, February 19th. Finally, Royal Bank of Canada boosted their price objective on Extendicare from C$9.50 to C$11.00 and gave the stock a “sector perform” rating in a research report on Thursday, November 28th. Three equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of C$10.25.

About Extendicare

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.