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Summary
- Stocks of a healthcare transportation provider have yielded double-digit returns year-to-date along with quarterly dividends.
- A Canadian home care facility firm distributes monthly dividends at over five per cent yield.
- Senior citizen-oriented health company’s share price has swelled over 60 per cent in one year.
The S&P/TSX Capped Health Care Index rose around 21 per cent in the last one year. While this rise was partly due to a pot stock rally, conventional health stocks have also contributed with double-digit returns along with consistent monthly or quarterly dividends.
Some of these value healthcare stocks are likely to generate healthy equity gains, led by the rising demand for healthcare-related solutions, and could make your portfolio robust with a medium of passive income.
Here are three such TSX-listed health care dividend-paying stocks to explore.
- Andlauer Healthcare Group Inc. (TSX:AND)
The healthcare transportation firm has a return on equity (ROE) of 41.63 per cent, and it pays a dividend of C$ 0.05 apiece quarterly. Its current stock price is C$ 42.10 apiece, with a classes market cap of C$ 1.6 billion.
The mid-cap healthcare stock soared as much as 12 per cent in the past one year, beating the benchmark index that dropped by 10 per cent relatively.
The dividend-paying stock is trading almost 16 per cent below its one-year high of US$ 50 apiece (November 9, 2020), but it has increased by three per cent year-to-date (YTD) and delivered earnings per share of C$ 1.10.
At its last closing price, Andlauer share was up 14 per cent against its 60-day simple moving average (SMA), showing an uptrend price trajectory.
The company reported a top line of C$ 95.8 million for the first quarter of 2021, which was a jump of 17.3 per cent against that of C$ 81.7 million in Q1 2021. Its operating income soared as much as 34.3 per cent on a year-over-year (YoY) basis in Q1 2021.
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- Extendicare Inc. (TSX:EXE)
The long-term healthcare services provider currently has a dividend yield of 5.58 per cent. It has offered a monthly dividend of C$ 0.04 apiece to its stockholders in July. Its share price is C$ 8.60 apiece.
The home health care stock holds an ROE of more than 47 per cent and YTD gains of nearly 30 per cent. Extendicare’s share price touched a one-year high of C$ 8.71 apiece on June 23.
Extendicare has been actively providing its facilities to COVID-19 infected patients. Its revenue was C$ 322.4 million in Q1 2021, noting an increase of 18.6 per cent YoY. This spike was guided by the COVID-19 related funding worth C$ 55.4 million.
- Sienna Senior Living Inc. (TSX:SIA)
The senior citizen care facility provider has a stock price of C$ 16.42 apiece. It also distributes monthly dividends to shareholders.
Sienna has announced a dividend of C$ 0.078 per share for July. It presently has a dividend yield of 5.7 per cent.
The long-term care operator’s share price zoomed over 60 per cent in the past one year and grew over 16 per cent in 2021. At its previous closing price, the stock was marching nearly 15.6 per cent high against its 200-day SMA, representing a bull market.
Sienna reported a profit surge of C$ 12.6 million YoY to C$ 10.1 million in the first quarter of 2021.
