Sienna Senior Living Declares August Dividend for Shareholders
Sienna Senior Living Declares August Dividend
Based in Markham, Ontario, Sienna Senior Living Inc. has made a notable announcement regarding its monetary appreciation for shareholders. The company has declared a dividend of $0.078 per Common Share for August, showcasing a commitment to rewarding its investors.
Details of the Dividend
The upcoming dividend payment represents an annualized basis of approximately $0.936 per Common Share, signifying Sienna's ongoing financial stability. This payment is scheduled for September 15, ensuring that shareholders who are on record by August 29 will enjoy this benefit.
Tax Benefits for Investors
One of the standout features of Sienna's dividends is their designation as eligible for Canadian tax purposes. This means that investors can take advantage of favorable tax treatments, which can significantly enhance the overall yield from their investment in Sienna.
Dividend Reinvestment Plan
Sienna also offers a Dividend Reinvestment Plan (DRIP), a fantastic opportunity for shareholders to reinvest their cash dividends into additional Common Shares at a 3% discount from the market price. This program is optional, allowing investors to choose whether or not to reinvest their dividends while still receiving cash payments if they prefer.
About Sienna Senior Living Inc.
Sienna Senior Living Inc. provides a comprehensive range of senior living services, such as independent living, assisted living, and memory care through its Aspira brand. The organization’s dedication to enhancing the quality of life for its residents is evident through its team of around 14,500 passionate professionals.
Commitment to Quality Care
Sienna Senior Living is not just about financial gains; it prioritizes the well-being of its residents. By offering specialized programs and services within its long-term care facilities, Sienna aims to foster happiness and comfort daily.
Stay Connected with Sienna
For additional insights and updates about Sienna Senior Living and its offerings, interested parties can explore their website, which includes detailed information on their operations and investment opportunities.
Contact Information
For any inquiries, David Hung, the Chief Financial Officer and Executive Vice President of Investments, is readily available. He can be reached at (905) 489-0258 or through email.
Frequently Asked Questions
What is the dividend amount declared for August by Sienna?
Sienna declared a dividend of $0.078 per Common Share for August.
When will the declared dividend be paid?
The dividend is scheduled to be paid on September 15 to shareholders on record as of August 29.
Are Sienna’s dividends eligible for tax benefits?
Yes, the dividends are designated as eligible dividends for Canadian tax purposes.
What is the Dividend Reinvestment Plan offered by Sienna?
The DRIP allows shareholders to reinvest dividends into additional Common Shares at a 3% discount from the market price.
How many employees does Sienna have?
Sienna Senior Living employs approximately 14,500 individuals dedicated to providing quality care.
About The Author
Contact Evelyn Baker privately here. Or send an email with ATTN: Evelyn Baker 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.
