NexgenRx Announces Declaration of Dividend
About NexgenRx
NexgenRx is Canada's only independent full-service Third-Party Administrator and Technology Solutions Provider, offering proprietary full front-end, eligibility, enrolment, hour bank and mobile access capabilities, together with state-of-the-art claims adjudication and full provider network coverage. These combined capabilities allow NexgenRx to provide Plan Sponsors, sophisticated administration and health benefit technology applications in a cost-effective SaaS (Software as a Service) Model.
NexgenRx is committed to building partnerships with organizations looking to exceed the expectations of their clients and plan members and deliver superior administration and claims processing solutions at a competitive cost. More information on NexgenRx can be found at www.nexgenrx.com.
Caution Regarding Forward-Looking Statements
Except for statements of historical fact, this news release contains certain 'forward-looking information' within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as 'plan', 'expect', 'project', 'intend', 'believe', 'anticipate', 'estimate' and other similar words, or statements that certain events or conditions 'may' or 'will' occur. Although management believes that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. The Company cannot guarantee future results, performance or achievements. Consequently, there is no representation that the actual results achieved will be the same, in whole or in part, as those set out in the forward-looking information.
Forward-looking information is based on the opinions and estimates of management at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking information. Some of the risks and other factors that could cause the results to differ materially from those expressed in the forward-looking information include, but are not limited to: uncertainty as to whether the Company's strategies and business plans will yield the expected benefits; availability and cost of capital; the ability to identify and develop and achieve commercial success for existing and new products and technologies; the level of expenditures necessary to maintain and improve the quality of products and services; changes in technology and changes in laws and regulations; continued development and enhancement of the Company's proprietary software technology; cyber security risks and the other risks and uncertainties disclosed in the Company's annual Management's Discussion and Analysis, as filed under the Company's profile on SEDAR at www.sedar.com. Readers are cautioned that this list of risk factors should not be construed as exhaustive.
The forward-looking information contained in this news release is expressly qualified by this cautionary statement. The Company undertakes no duty to update any of the forward-looking information to conform such information to actual results or to changes in the Company's expectations except as otherwise required by applicable securities legislation. Readers are cautioned not to place undue reliance on forward-looking information.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of the release.
FOR FURTHER INFORMATION PLEASE CONTACT:
Ronald C. Loucks
NexgenRx Inc.
President and CEO
416.695.3393 x801
Kelly Ehler CPA, CA
NexgenRx Inc.
Chief Financial Officer
416-695-3393x803
SOURCE: NexgenRx Inc.
press release
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
11 minutes ago
- Yahoo
Taseko Mines Limited (TGB) Receives Bullish Ratings from BMO Capital and Canaccord Following Q2 2025 Results
With significant hedge fund interest and a share price under $5, Taseko Mines Limited (NYSE:TGB) secures a place on our list of the . A close-up of a hand placing a block of gold into a safe. On August 6, 2025, Taseko Mines Limited (NYSE:TGB) reported results for Q2 2025. The company's earnings from mining operations were reported at $20.7 million. Meanwhile, adjusted EBITDA reached $17.4 million. A production of 19.8 million pounds of copper resulted in revenue of $116.08 million. The company reported $21.9 million in net income, or $0.07 per share. However, an adjusted net loss of $13 million was noted, missing expectations for a $0.02 loss. Following the quarterly results, BMO Capital reiterated its 'Buy' rating on Taseko Mines Limited (NYSE:TGB) with a $4.18 price target on August 7. On the same day, Canaccord also maintained its 'Buy' rating. Operating its Gibraltar Mine in British Columbia, Taseko Mines Limited (NYSE:TGB) focuses on copper production. It is included in our list of the Best Penny Stocks. While we acknowledge the potential of TGB as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 Best AI Stocks to Buy Under $3 and Bill Ackman Stock Portfolio: Top 10 Stock Picks. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
11 minutes ago
- Yahoo
Standard Bank Group's (JSE:SBK) Dividend Will Be Increased To ZAR8.17
The board of Standard Bank Group Limited (JSE:SBK) has announced that it will be paying its dividend of ZAR8.17 on the 15th of September, an increased payment from last year's comparable dividend. This will take the dividend yield to an attractive 6.5%, providing a nice boost to shareholder returns. We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. Standard Bank Group's Dividend Forecasted To Be Well Covered By Earnings Impressive dividend yields are good, but this doesn't matter much if the payments can't be sustained. Having distributed dividends for at least 10 years, Standard Bank Group has a long history of paying out a part of its earnings to shareholders. Based on Standard Bank Group's last earnings report, the payout ratio is at a decent 56%, meaning that the company is able to pay out its dividend with a bit of room to spare. The next 3 years are set to see EPS grow by 25.2%. Analysts estimate the future payout ratio will be 57% over the same time period, which is in the range that makes us comfortable with the sustainability of the dividend. Check out our latest analysis for Standard Bank Group Dividend Volatility The company's dividend history has been marked by instability, with at least one cut in the last 10 years. The annual payment during the last 10 years was ZAR5.98 in 2015, and the most recent fiscal year payment was ZAR16.34. This means that it has been growing its distributions at 11% per annum over that time. Standard Bank Group has grown distributions at a rapid rate despite cutting the dividend at least once in the past. Companies that cut once often cut again, so we would be cautious about buying this stock solely for the dividend income. The Dividend Looks Likely To Grow Growing earnings per share could be a mitigating factor when considering the past fluctuations in the dividend. Standard Bank Group has seen EPS rising for the last five years, at 23% per annum. The company doesn't have any problems growing, despite returning a lot of capital to shareholders, which is a very nice combination for a dividend stock to have. We Really Like Standard Bank Group's Dividend In summary, it is always positive to see the dividend being increased, and we are particularly pleased with its overall sustainability. The company is easily earning enough to cover its dividend payments and it is great to see that these earnings are being translated into cash flow. All in all, this checks a lot of the boxes we look for when choosing an income stock. Market movements attest to how highly valued a consistent dividend policy is compared to one which is more unpredictable. However, there are other things to consider for investors when analysing stock performance. As an example, we've identified 1 warning sign for Standard Bank Group that you should be aware of before investing. If you are a dividend investor, you might also want to look at our curated list of high yield dividend stocks. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Yahoo
41 minutes ago
- Yahoo
£20,000 in savings? Here's how investors can aim to turn that into a £1,680 second income overnight!
Having 20 grand in the bank is a nice lump sum of capital to get started generating a chunky second income using the stock market. When leveraging a FTSE 100 index fund, it's enough to instantly start earning £660 passive income overnight. And for investors willing to take on more risk, there are some dividend-paying stocks offering more than 8% right now. Take Legal & General Group (LSE:LGEN) as an example to consider. The insurance stock currently has an 8.4% payout, enough to start earning a £1,680 second income straight away. So what's the catch? Investigating the yield Generally speaking, a high dividend yield usually stems from a sudden drop in a stock price. Yet looking at Legal & General, that doesn't appear to be the case. In fact, the shares are actually up close to 15% in the last 12 months, and the company's been hiking shareholder payouts for the previous four years in a row. That certainly makes the high yield seem like it's here to stay. But if that's the case, why aren't more investors jumping aboard to take advantage? Despite recent outperformance, there's growing concern among institutional investors that earnings will soon be under pressure. Higher interest rates have made their long-term annuity financial products very popular in recent years, resulting in gold-rush-like growth. However, with rates coming down, demand's starting to slow. And in the meantime, all the recently-created annuity products issued during the higher interest rate environment now introduce long-duration risk exposure as well as miss-pricing risk. This creates two problems: lower future growth and increased sensitivity to market shocks. And if Legal & General fails to hedge against these threats, earnings and, in turn, dividends could end up on the chopping block. A risk worth taking? The risk of earnings pressure is why Legal & General shares offer such a generous dividend today. However, despite these looming challenges, it's worth pointing out that the company's in a fair strong position at the moment. The group maintains a Solvency II ratio of 217%. That's a very strong signal for robust financial health and provides a significant capital buffer against a market downturn. At the same time, management's been busy executing numerous operational efficiency schemes to bolster margins across its key divisions. For example, its Asset Management division's on track to steadily grow its operating profits to as high as £600m by 2028, versus the £401m achieved in 2024. And with the long-term demand for its Institutional Retirement products climbing on the back of an ageing population, dividends might be more sustainable than many investors currently think. The bottom line All things considered, Legal & General seems to offer a compelling case for investors seeking to build a second income stream. Admittedly, this comes paired with an elevated risk profile compared to other dividend opportunities in the FTSE 100. But given the level of payout, investors with a higher risk tolerance may want to investigate further. The post £20,000 in savings? Here's how investors can aim to turn that into a £1,680 second income overnight! appeared first on The Motley Fool UK. More reading 5 Stocks For Trying To Build Wealth After 50 One Top Growth Stock from the Motley Fool Zaven Boyrazian has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Motley Fool UK 2025
