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Extendicare Inc. (TSX: EXE) — Canada’s trusted senior care provider with a 4%+ monthly dividend yield, made even stronger by recent growth and acquisitions.
This Week’s Highlights
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Monthly dividend raised: Extendicare increased its monthly payout by 5%, raising it to C$0.042 per share — now yielding approximately 4% annually, all paid reliably every month.
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Revera acquisition underway: The company is on track to close its deal to acquire nine long-term care homes from Revera by year-end, boosting its redevelopment pipeline.
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Q2 Earnings Scheduled: Extendicare announced the schedule for its Q2 results release and conference call in early August.
Key Metrics
| Metric | Value |
|---|---|
| Stock Price | C$12.67 (–0.16%) |
| 52‑Week Range | C$7.44 – C$15.24 |
| Market Cap | USD 774 M |
| P/E Ratio | 14.4× |
| Forward P/E | 13.3× |
| YTD Return | +22.0% |
| Dividend Yield | ~4.0% (monthly) |
Analyst Insights
| Analyst Rating | Count |
|---|---|
| Strong Buy | 2 |
| Buy | 1 |
| Hold | 3 |
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Consensus Rating: Buy
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Average Target Price: C$16.07 — implying roughly +26.8% upside potential.
Recent News Headlines
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“This 4% Monthly Dividend Giant Never Stops Paying” — Extendicare raised its monthly dividend to C$0.042, proving its resilience and growth even in a challenging sector.
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Revera Acquisition Set to Close — The company confirmed it will complete its acquisition of long-term care homes from Revera, reinforcing its footprint.
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Q2 Results Date Announced — Investors are awaiting more clarity as Extendicare schedules its next earnings and call for early August.
Growth Indicators
| Metric | Value |
|---|---|
| Sales Growth (Next Year) | +7.9% |
| EPS Growth (Next Year) | +11.2% |
| 5-Year EPS Growth | +14.2% |
Strong sales and earnings growth are expected, pointing to continued strength across Extendicare’s segments.
Why It Matters
Extendicare stands out for its steady and growing monthly dividend, strategic acquisitions, and health-care sector dominance. This combination makes it one of the most compelling income-focused stocks on the TSX.
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Qayyum Rajan, CFA
Qayyum is the CEO of Wealth Awesome, a leading Canadian personal finance publication. As a CFA charterholder with extensive experience in fintech, data science, and quantitative finance, he brings a unique analytical perspective to investing and wealth management.
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This content has been reviewed by CFA® charterholders and Certified Financial Planners (CFP®) with over a decade of experience in Canadian financial markets. All information is fact-checked against official Canadian sources and regulations.
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