Extendicare Inc dividend yield – Extendicare Inc Announces 0.04 Cash Dividend
April 19, 2023
Dividends Yield
On April 18, 2023, Extendicare Inc ($TSX:EXE) announced a 0.04 cash dividend per share. This marks the third year in a row that the company has issued a constant annual dividend of 0.48 CAD per share, yielding an average dividend yield of 6.63%. This means that shareholders are rewarded with a generous return on their investment by holding shares in the company. If you are looking for a dividend-paying stock with a strong track record of paying dividends, EXTENDICARE INC could be worth considering.
The company has an upcoming ex-dividend date of April 27, 2023, so investors must purchase the stock prior to this date in order to be eligible to receive the dividend payment. With the company’s solid track record and the current dividend rate, EXTENDICARE INC is an attractive option for dividend investors.
Stock Price
The announcement came as the company’s stock opened at CA$6.6 and closed at CA$6.5, down 0.6% from the prior closing price of CA$6.5. The Company’s mission is to provide quality health care services that meet the needs of its customers and improve the quality of life for its residents and families. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Extendicare Inc. More…
| Total Revenues | Net Income | Net Margin |
| 1.22k | 69.55 | -0.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Extendicare Inc. More…
| Operations | Investing | Financing |
| 98.71 | 155.64 | -191.86 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Extendicare Inc. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 781.58 | 680.88 | 1.19 |
Key Ratios Snapshot
Some of the financial key ratios for Extendicare Inc are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 2.6% | -21.8% | 1.3% |
| FCF Margin | ROE | ROA |
| -0.2% | 8.7% | 1.3% |
Analysis
As GoodWhale, we recently conducted an analysis of EXTENDICARE INC‘s financials. Based on our Star Chart, we determined that EXTENDICARE INC has an intermediate health score of 6/10. This indicates that the company may be able to pay off debt and fund future operations. We classified EXTENDICARE INC as a ‘cow’, meaning that it has the track record of paying out consistent and sustainable dividends. This type of company should be attractive to income investors, as well as value investors who are looking for a relatively safe and reliable dividend. EXTENDICARE INC is strong in dividend, medium in profitability, and weak in asset and growth. Therefore, investors should be aware of the risks associated with investing in a company such as EXTENDICARE INC. More…
Peers
In the healthcare industry, there is intense competition between Extendicare Inc and its closest rivals Ambea AB, Attendo AB, and Charm Care Corp. All four companies are vying for a share of the market in providing long-term care and other health services to the elderly. Each company has its own strengths and weaknesses, and it is up to the consumer to decide which one best meets their needs.
– Ambea AB ($LTS:0RNX)
As of 2022, Ambea AB had a market cap of 3.68B and a ROE of 9.28%. The company provides health and social care services in the Nordic region, with a focus on elderly care and disability care. It operates through three segments: Home Care, Residential Care, and Health Care. The company was founded in 1883 and is headquartered in Stockholm, Sweden.
– Attendo AB ($LTS:0RCY)
Attendo AB is a healthcare company that provides services to the elderly, disabled, and those with chronic illnesses. The company has a market cap of 3.38B as of 2022 and a Return on Equity of 8.46%. Attendo AB operates in three segments: Home Care, Residential Care, and Health Care Staffing. The company was founded in 1985 and is headquartered in Stockholm, Sweden.
– Charm Care Corp ($TSE:6062)
Charm Care Corp is a leading provider of home health care services. The company has a market cap of $34.15 billion as of 2022 and a return on equity of 23.73%. Charm Care Corp provides a full range of home health care services, including skilled nursing, physical therapy, occupational therapy, speech therapy, and home health aides. The company serves patients of all ages, from infants to the elderly. Charm Care Corp is dedicated to providing high-quality, compassionate care to its patients and their families.
Summary
EXTENDICARE INC is an attractive investment option for dividend-seeking investors. Over the past three years, EXTENDICARE INC has paid a consistent annual dividend of 0.48 CAD per share, resulting in a market-average dividend yield of 6.63%. The stock is relatively stable and has not experienced drastic movements in its price over the past three years, making it a safe and reliable source of passive income.
Furthermore, the dividend payout ratio is relatively low, indicating that the company can easily manage to keep up the dividend payments in the future. Therefore, investing in EXTENDICARE INC could be a lucrative option for investors looking for regular income with minimal risk.
