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… Read More

Here’s our Pick of the Month

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

This facilities operator offers a 6.7% yield

This facilities operator offers a 6.7% yield

This operator of senior-care facilities owns or manages more than 120 properties as well as home health-care branches.

The company enjoys steady cash flow in a growing business and recent acquisitions to expand its private-pay luxury facilities should help to offset a key risk for the… Read More

Dividend Advisor Hotline – Friday, March 15, 2019

GREAT-WEST LIFECO INC., $31.41, Toronto symbol GWO, is Canada’s second-largest insurance company, after Manulife Financial (Toronto symbol MFC). It also offers mutual funds and wealth management services.

Starting with the March 2019 payment, the company raised its quarterly dividend by 6.2%, to $0.413 a share from… Read More

We prefer Extendicare for new buying

EXTENDICARE INC. $7.30 (Toronto symbol EXE; TSINetwork Rating: Extra Risk) (905-470-5534; www.extendicare.com; Shares o/s: 88.5 million; Market cap: $642.6 million; Dividend yield: 6.6%) 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