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

Buy these two for their government contracts

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 departments and agencies of the Canadian government currently represents about 69% of the… Read More

Vaccines help boost its cash flow

EXTENDICARE INC. $8.23 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: $736.6 million; Dividend yield: 5.8%; Dividend Sustainability Rating: Average; www.extendicare.com) continues to pay monthly distributions of $0.04 a.. Read More

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