Most dividend shares are content to pay every quarterly ones. Some cut their payouts when it becomes difficult. But one TSX shares has continued to pay quietly month after month, whatever happens. That is stock Expand (TSX: EXE), and it just increased its dividend again.
In winnings
From March 2025, the dividend share increased its monthly dividend by 5%, which brought it to $ 0.042 per share. Against a share price of approximately $ 12.50, investors gives an annual return of 4%annually. It is not only the reliability that is attractive; It is the fact that Extendicare is ways to grow in one of the most challenging sectors: long -term care and home health.
In its last winning report for the first quarter of 2025, Extendicare yielded an increase in adjusted income with 42.7% for interest, taxes, depreciation and amortization (EBITDA), climb to $ 29 million. That is not the kind of jump that you usually see in a sleepy dividend stock. But again, Extendicare did not exactly sit still.
Turnover amounted to $ 374.7 million, an increase of $ 367.1 million a year earlier. But the most important figure is what it would have been without the distortions of the accounting of the past period: a jump from 5.8% to $ 363.7 million. The dividend share earns more money about all its business segments of long -term care, home health care and managed services.
Get more
Let’s pause there. Long -term care may sound like a slow, highly regulated corner of the economy, and it is. But Extendicare has found ways to modernize. It just opened a brand new house with 256 beds in Stittsville, to replace an outdated class C facility. It also sold three other development projects to its Axium joint venture for $ 56.3 million, which locked a profit after taxes of $ 11.1 million. The playbook here is smart. Recycle capital of old or non-core assets and reinvest in modern care centers and growth opportunities.
Moreover, more is coming. Extendicare expects to close the acquisition of nine long -term care homes from Revera later this year, which contributes to the redevelopment freine. These are not vanity purchases, but part of a long -term shift to better infrastructure, improved care and higher operational margins.
The dividend
Here it becomes even more interesting for income investors. Extendicare reported adjusted funds of operations (AFFO) of $ 0.235 per share, an increase of $ 0.210. That means that the new dividend of $ 0.042 is well covered monthly, or $ 0.504 per year. CEO Dr. Michael Guerriere summarized it best and stated: “Q1 2025 represents another quarter of the strong results that are sustained by growth and positive operational performance in all our business segments.”
What ExtendiCare does may not be flashy, but it works. In a world where many dividend shares are cutting back or cash, this dividend share is quietly acquiring, modernizing and expanding, without overloading. In the meantime you could place $ 10,000 for this dividend share and look for $ 400 every year, and $ 33 a month!
| COMPANY | Recent price | Number of shares | DIVIDEND | Total payout | FREQUENCY | Total investment |
|---|---|---|---|---|---|---|
| Ete | $ 12.50 | 800 | $ 0.50 | $ 400.00 | Monthly | $ 10,000.00 |
Bottom Line
So yes, this monthly dividend payer may not take newspaper heads, but that is not necessary. It simply increased its dividend, placed strong growth and committed himself to even more expansion in the back of the year. For investors who are looking for income they can count on, and a company that knows how to evolve, Extendicare remains a rare jewel on the TSX.
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