Get a 6.0% yield from Extendicare

Get a 6.0% yield from Extendicare

Expanded service and contract offerings led to an 18.6% revenue bump for this company in the quarter ended March 31.  

COVID-19 has pressured the share price but earnings are up sharply and the company’s business is deemed an essential service.

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

Here are key updates for income investors

NORTONLIFELOCK INC. $28 is a buy. The company (Nasdaq symbol NLOK; High-Growth Dividend Payer Portfolio, Consumer sector; Shares outstanding: 591.9 million; Market cap: $16.6 billion; Dividend yield: 1.8%; Dividend Sustainability Rating: Average; www.nortonlifelock.com) sold its Enterprise Security business to Broadcom (Nasdaq symbol AVGO) in late… Read More

Vaccines cut Extendicare’s risk

EXTENDICARE INC. $6.59 remains a buy. The operator of long-term care homes (Toronto symbol EXE; High-Growth Dividend Payer Portfolio, Consumer sector; Shares outstanding: 89.5 million; Market cap: $589.8 million; Dividend yield: 7.3%; Dividend Sustainability Rating: Average; www.extendicare.com) continues to pay monthly distributions of $0.04 a share, for an annual… Read More

Extendicare Inc. maintains revenue and occupancy strength

Extendicare Inc. maintains revenue and occupancy strength

This firm’s revenues rose 2.3% during the most-recent quarter, even as COVID-19 raised investor worries about the outlook for it and other long-term-care providers.

The company’s cash flow did dip 7.9% on higher maintenance spending, but occupancy levels remain strong.

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

These picks are supported by government

Both Calian and Extendicare have a major plus on their side during this time of COVID-19 uncertainty. Specifically, the two get most of their revenue from governments. For Calian, revenue generated from various departments and agencies of the Canadian federal government currently represents about 69%… Read More