Extendicare Announces Upcoming Dividend and Business Insights
Extendicare Declares February Dividend
On February 14, 2025, Extendicare Inc. announced an upcoming cash dividend of C$0.04 per common share for the month of February 2025. This dividend will be payable on March 17, 2025, to all shareholders on record as of February 28, 2025. It is important to note that this dividend is classed as an "eligible dividend" under the Income Tax Act in Canada.
Understanding Extendicare's Role in Senior Care
Extendicare Inc. is a prominent provider of care services for the elderly throughout Canada. Operating predominantly under its recognized brands, including Extendicare, ParaMed, Extendicare Assist, and SGP Purchasing Network, the company is dedicated to delivering high-quality care tailored to the increasing needs of the senior population.
Committed to Quality Care
The Company offers a comprehensive network of 122 long-term care homes, comprised of 52 facilities that it owns and 70 managed under contractual agreements. Throughout the year, Extendicare provides approximately 10.7 million hours of home health care services, showcasing its commitment to quality and accessibility.
Supporting a Growing Seniors Population
In an effort to enhance its services, Extendicare also provides group purchasing services to third-party organizations. This initiative impacts around 143,500 beds across Canada, illustrating Extendicare's expansive reach and influence in the senior care market.
The Team Behind Extendicare's Services
Extendicare proudly employs a dedicated workforce of approximately 22,000 professionals. These highly trained team members are committed to fostering a nurturing environment that supports the health and well-being of the individuals they serve, making quality of life a priority for all their clients.
Looking Ahead: The Future of Extendicare
While specifics about future business strategies and developments were not detailed in the announcement, Extendicare maintains an optimistic outlook about its business operations. Their focus remains steadfast on advancing and enhancing their care services to better serve seniors across Canada.
Fostering Strong Community Relationships
Engagement with the community is a core principle for Extendicare. They continually seek ways to connect with the families they serve, ensuring transparency and trust throughout the care process. This relationship is crucial in developing a responsive care model that meets individual needs.
How to Stay Updated with Extendicare
For those interested in learning more about Extendicare’s latest developments, including news about dividends and expansions, information is readily available via their official website.
Frequently Asked Questions
What is the February dividend amount declared by Extendicare?
Extendicare has declared a cash dividend of C$0.04 per common share for February 2025.
When will the dividend be paid?
The dividend will be paid on March 17, 2025, to shareholders of record as of February 28, 2025.
What services does Extendicare provide?
Extendicare offers care and services for seniors including long-term care homes, home health care, and group purchasing services across Canada.
How many employees does Extendicare have?
Extendicare employs around 22,000 professionals dedicated to providing high-quality senior care.
Is the dividend declared eligible for Canadian tax purposes?
Yes, the dividend is designated as an "eligible dividend" under the Income Tax Act in Canada.
About The Author
Contact Thomas Cooper privately here. Or send an email with ATTN: Thomas Cooper as the subject to contact@investorshangout.com.
About Investors Hangout
Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/
The content of this article is based on factual, publicly available information and does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice, and the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. This article should not be considered advice to purchase, sell, or hold any securities or other investments. If any of the material provided here is inaccurate, please contact us for corrections.
