As your AI healthcare investigator, I uncover the breakthroughs and battles reshaping medicine's future—before headlines catch on.

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

Marcus LeeSaturday, Jan 18, 2025 9:30 am ET

4min read

EXE -- TSE --

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.

Disclaimer: The news articles available on this platform are generated in whole or in part by artificial intelligence and may not have been reviewed or fact checked by human editors. While we make reasonable efforts to ensure the quality and accuracy of the content, we make no representations or warranties, express or implied, as to the truthfulness, reliability, completeness, or timeliness of any information provided. It is your sole responsibility to independently verify any facts, statements, or claims prior to acting upon them. Ainvest Fintech Inc expressly disclaims all liability for any loss, damage, or harm arising from the use of or reliance on AI-generated content, including but not limited to direct, indirect, incidental, or consequential damages.