These leaders offer growth plus income

Article Excerpt

EXTENDICARE INC. $8.76 (Toronto symbol EXE; TSINetwork Rating: Extra Risk) (905-470-5534; www.extendicare.com; Shares outstanding: 88.5 million; Market cap: $775.7 million; Dividend yield: 5.5%) owns 66 senior-care facilities in Canada. Together, they can house 8,788 residents on both a long- and short-term basis. The company manages another 50 residences across the country that are home to 6,216 seniors. Extendicare also operates 35 ParaMed Home Health Care branches in six provinces. ParaMed’s 10,900 staff members provide nursing care and other assistance to clients who remain in their own homes. In the three months ended December 31, 2017, the company’s revenue rose 1.6%, to $281.4 million from $276.9 million a year earlier. Cash flow rose 16.1%, to $15.7 million, or $0.18 a share, from $13.7 million, or $0.15. Provinces regulate nursing homes in Canada, and they provide substantial funding. Both of these are subject to extensive and frequently changing standards. To offset the uncertainty of government funding, Extendicare continues to expand its private-pay retirement segment. The company offers those services…