Extendicare (OTCMKTS:EXETF) Price Target Raised to C$7.50 at Royal Bank of Canada

Extendicare (OTCMKTS:EXETFGet Rating) had its price objective raised by Royal Bank of Canada from C$7.00 to C$7.50 in a research report report published on Tuesday, The Fly reports.

Separately, National Bank Financial dropped their price target on Extendicare from C$7.50 to C$7.00 in a report on Monday, January 30th.

Extendicare Price Performance

Shares of EXETF opened at $5.07 on Tuesday. Extendicare has a 1 year low of $4.41 and a 1 year high of $5.96. The stock has a 50 day simple moving average of $4.72 and a 200-day simple moving average of $4.89.

Extendicare Increases Dividend

The company also recently announced a dividend, which will be paid on Monday, May 15th. Stockholders of record on Friday, April 28th will be paid a $0.0299 dividend. This is a boost from Extendicare’s previous dividend of $0.03. This represents a dividend yield of 7.39%. The ex-dividend date of this dividend is Thursday, April 27th. Extendicare’s dividend payout ratio (DPR) is -185.01%.

About Extendicare

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Extendicare, Inc is a holding company, which engages in the provision of nursing care, home health care, retirement living, and management and consulting services. It operates through the following business segments: Long-Term Care, Retirement Living, Home Health Care, and Other Services. The Long-Term Care segment represents long-term care centers the company owns and operates in the country.

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