Cash Dividend On The Way From Extendicare (EXE)

On 10/29/13, Extendicare Inc (TSX: EXE.TO) will trade ex-dividend, for its monthly dividend of $0.04, payable on 11/15/13. As a percentage of EXE's recent stock price of $6.64, this dividend works out to approximately 0.60%, so look for shares of Extendicare Inc to trade 0.60% lower — all else being equal — when EXE shares open for trading on 10/29/13.

Below is a dividend history chart for EXE, showing historical dividends prior to the most recent $0.04 declared by Extendicare Inc :

EXE+Dividend+History+Chart

In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from EXE is likely to continue, and whether the current estimated yield of 7.23% on annualized basis is a reasonable expectation of annual yield going forward.

In Friday trading, Extendicare Inc shares are currently up about 0.6% on the day.
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