Get 5.6% yield from Extendicare Inc.

Worker shortages contributed to a 10.5% decline in cash flow for this company during the most-recent quarter.

However, revenue rose 1.6% as a new efficiency program and automated work processes continue target staff turnover.

The stock trades at just 12.5 times the company’s 2020 cash flow forecast.


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EXTENDICARE INC. $8.75 (Toronto symbol EXE; TSINetwork Rating: Extra Risk) (905-470-5534; www.extendicare.com; Shares outstanding: 88.8 million; Market cap: $777.1 million; Dividend yield: 5.5%) owns 67 senior-care facilities in Canada. Together, they can house 8,950 residents on both a long- and short-term basis. The company manages… Read More