Enjoy a 7.2% yield from Extendicare

Enjoy a 7.2% yield from Extendicare

Government funding is playing a significant role in Extendicare’s fortunes as the Ontario government in particular is stepping up to ensure quality home healthcare for its residents.

That and the company’s initiative to expand its offerings (and therefore its cash flow) should keep the high yield… Read More

Enjoy a sustainable 6.7% yield from Extendicare

Enjoy a sustainable 6.7% yield from Extendicare

Recovering COVID-19-related costs has helped this Extendicare grow its cash flow 66.4% in the most recent quarter.

A recent focus on expanding its long-term-care and home health care segments should support the solid dividend.

Meanwhile the stock trades at 26.5 times the company’s 2023 earnings forecast.

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EXTENDICARE INC… Read More

Enjoy a 7.1% yield from Extendicare Inc.

Enjoy a 7.1% yield from Extendicare Inc.

This company enjoyed a major benefit during COVID-19 uncertainty as more than 90% of its long-term-care business was government funded. The recent sale of its retirement living operations will help the firm focus on its core segments.

The stock trades at 28.1 times the company’s 2023… Read More

Here are key updates on 3 dividend payers

CAE INC. $25 remains a buy for long-term gains. The company (Toronto symbol CAE; Conservative-Growth Payer Portfolio, Manufacturing sector; Shares outstanding: 317.9 million; Market cap: $7.9 billion; Dividend suspended in March 2020; Dividend Sustainability Rating: Average; www.cae.com) suspended its $0.11-a-share quarterly dividend in 2020 as COVID-19 hurt demand for… Read More

Get a huge 7.1% yield from Extendicare Inc.

Get a huge 7.1% yield from Extendicare Inc.

This company enjoyed a major benefit during COVID-19 uncertainty as more than 90% of its long-term care business was government funded. The recent sale of its retirement living operations will help the firm focus on its core segments.

EXTENDICARE INC. (Toronto symbol EXE; www.extendicare.com) owns and… Read More

These two are less risky than they appear

These two small-cap firms entail higher risk than larger companies such as banks and utilities. However, strong positions in their niche markets support their current high dividends.
NORTH WEST COMPANY $34 is a buy. The company (Toronto symbol NWC; High-Growth Payer Portfolio, Consumer sector; Shares outstanding: 47.9 million;… Read More

Enjoy a 6.7% yield from Extendicare Inc.

Enjoy a 6.7% yield from Extendicare Inc.

This company enjoyed a major benefit during COVID-19 uncertainty as more than 90% of its long-term care business was government funded. The recent sale of its retirement living operations will help the firm focus on its core segments.

Meanwhile, the stock trades at 15.5 times the… Read More