Extendicare (TSE:EXE) to Pay CA$0.04 Dividend

Generado por agente de IAMarcus Lee
sábado, 18 de enero de 2025, 9:30 am ET1 min de lectura
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Extendicare Inc. (TSE:EXE), a leading Canadian healthcare provider, has announced that it will pay a dividend of CA$0.04 per share to its shareholders. This dividend will be paid on January 15, 2025, to shareholders of record as of January 31, 2025. The company has a history of consistent dividend payments, with a monthly dividend of CA$0.04 per share since April 2013.



Extendicare's dividend yield is currently 4.74%, which is attractive compared to the average dividend yield of the S&P 500 index. The company's consistent dividend payout history has contributed to its overall stock performance, providing a steady income stream for investors. Despite the constant dividend payout, Extendicare's stock price has appreciated over the years, indicating a positive total return for shareholders.



The company's strong financial performance and stable dividend payout have made it a popular choice among income-oriented investors. In the third quarter of 2024, Extendicare reported revenue of CA$348.5 million, an increase of 13.3% compared to the same period in 2023. The company's adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) increased by 23.8% to CA$38.6 million, reflecting growth in home health care average daily volume, rate increases, and higher occupancy in long-term care facilities.



Extendicare's dividend payout is supported by its strong financial performance and stable cash flow. The company has a history of consistent dividend payments, even during economic downturns. As a healthcare provider, Extendicare is well-positioned to weather economic storms, as demand for healthcare services tends to remain stable or even increase during recessions.



In conclusion, Extendicare's announcement of a CA$0.04 dividend payout is a positive development for shareholders, as it reflects the company's strong financial performance and commitment to providing a steady income stream. The company's consistent dividend payout history, attractive dividend yield, and stable stock price performance make it an attractive investment option for income-oriented investors. As a healthcare provider, Extendicare is well-positioned to weather economic storms and continue to provide value to shareholders.

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