Extendicare's March 2025 Dividend Declaration and Business Overview
Extendicare Declares Dividend for March 2025
Extendicare Inc. (“Extendicare” or the “Company”) (TSX: EXE) has officially declared a cash dividend of C$0.042 per common share for March 2025. Shareholders will receive this dividend on April 15, 2025, provided they are on record as of the close of business on March 31, 2025. This dividend is classified as an “eligible dividend” according to the Income Tax Act of Canada.
Company Commitment to Seniors Care
Extendicare is proud to be a premier provider of senior care services throughout Canada, operating under several well-known brands including Extendicare, ParaMed, Extendicare Assist, and SGP Purchasing Network. The firm is dedicated to delivering high-quality care to an increasingly aging population, underscoring its mission of supporting individuals wherever they call home. With a comprehensive network comprising 122 long-term care facilities (51 of which are owned outright and 71 managed under contract), Extendicare delivers around 11 million hours of home health care annually.
Extensive Services Offered
The Company goes beyond traditional care. It provides group purchasing services to third-party organizations, catering to approximately 146,300 beds across the nation. Extendicare employs a workforce of around 24,000 dedicated professionals who are deeply committed to enhancing the quality of life for seniors. Their involvement ranges from skilled nursing to compassionate personal care, creating a holistic approach to service delivery.
Growth and Industry Positioning
In a rapidly evolving healthcare landscape, Extendicare remains steadfast in its commitment to improving the lives of those it serves. The Company is not only focused on providing immediate care solutions but is also actively enhancing its growth strategy. By developing innovative service models and improving care delivery methods, Extendicare aims to solidify its position as a leader in the industry.
Future Aspirations
While the Company has outlined ambitious plans for growth, it also recognizes the importance of adaptability. The management team continually assesses the market environment, ensuring that Extendicare aligns its objectives with the needs of the communities it serves. This proactive approach allows them to provide care that is not just reactive but rather anticipatory in nature.
Investing in Quality Care
Extendicare’s approach is underpinned by a dedication to quality. As they continually strive to raise care standards, the investment in technology and training for staff has been a priority. Such initiatives are crucial as they help nurture a workforce that is not only skilled but also empathetic in their roles, ensuring that residents feel both safe and valued.
Corporate Responsibility and Community Engagement
In addition to its service offerings, Extendicare believes in corporate responsibility, aiming to make a tangible impact in the communities where they operate. Engagement initiatives foster connections with local partners and enhance community well-being, reinforcing the importance of support for seniors and their families.
Frequently Asked Questions
What is the dividend amount declared by Extendicare for March 2025?
Extendicare has declared a cash dividend of C$0.042 per common share for March 2025.
When will shareholders receive this dividend?
The dividend will be payable on April 15, 2025, to shareholders of record as of March 31, 2025.
What brands operate under Extendicare?
Extendicare operates under several brands, including Extendicare, ParaMed, Extendicare Assist, and SGP Purchasing Network.
How many long-term care homes does Extendicare operate?
Extendicare operates 122 long-term care homes across Canada.
How many employees does Extendicare have?
Extendicare proudly employs approximately 24,000 trained professionals dedicated to providing care and services to seniors.
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