Sienna Senior Living Announces October Dividend
In a recent announcement, Sienna Senior Living Inc. has declared a dividend of $0.078 per common share for October 2024. This figure translates to an impressive annualized total of $0.936 per common share, demonstrating the company's dedication to providing value to its shareholders.
Dividend Payment Details
The dividend will be paid on November 15, 2024, to those shareholders who are on record as of October 31, 2024. This timely announcement underlines Sienna's commitment to maintaining regular dividend payments, which can play a crucial role in income generation for investors.
Tax Implications of the Dividend
Sienna's dividends are classified as eligible dividends for Canadian tax purposes. This classification aligns with subsection 89(14) of the Income Tax Act in Canada, ensuring that shareholders can benefit from favorable tax treatment. This is an important aspect for investors looking for tax-efficient income options.
Overview of Sienna Senior Living
Sienna Senior Living Inc. is a prominent name in the senior living industry. The company provides an extensive range of services that cater to the evolving needs of older adults. These services include independent living, assisted living, memory care, long-term care, and specialized programs under its Aspira retirement brand.
Commitment to Quality of Life
With a workforce of approximately 12,500 passionate employees, Sienna Senior Living emphasizes nurturing happiness in the daily lives of its residents. This dedication not only enhances the quality of care offered but also encourages a vibrant community where seniors can thrive.
Future Growth and Services
Sienna is consistently expanding its offerings to better serve its residents. By focusing on inclusive care and tailored programs, Sienna aims to adapt to the unique preferences and needs of seniors. This forward-thinking approach ensures that the company remains a leader in the senior living sector.
Corporate Contact Information
For further information regarding Sienna and its initiatives, interested parties can contact David Hung, the Chief Financial Officer and Executive Vice President of the company. He can be reached at (905) 489-0258 or via email at david.hung@siennaliving.ca.
Frequently Asked Questions
What is the amount of the dividend declared by Sienna Senior Living?
The dividend announced for October 2024 is $0.078 per common share.
When will the dividend be paid?
The dividend will be payable on November 15, 2024.
What are eligible dividends?
Eligible dividends are dividends that qualify for a reduced tax rate under Canadian tax law.
What services does Sienna Senior Living offer?
Sienna Senior Living provides independent living, assisted living, memory care, long-term care, and other specialized services.
How can I contact Sienna Senior Living for more information?
You can reach out to David Hung, the Chief Financial Officer, at (905) 489-0258 or via email at david.hung@siennaliving.ca.
