Sienna Senior Living Announces December Dividend
MARKHAM, Ontario – Sienna Senior Living Inc. (“Sienna” or the “Company”) (TSX: SIA) is pleased to announce a dividend for the month of December 2024. Each common share will receive a dividend of $0.078, totaling an annualized amount of $0.936 per common share.
Dividend Payment Details
This dividend is scheduled for payment on January 15, 2025, to shareholders who are on record as of December 31, 2024. This payment reflects Sienna's commitment to rewarding its shareholders.
Tax Designation of Dividends
These dividends are classified as eligible dividends under Canadian tax law, which aligns with subsection 89(14) of the Income Tax Act (Canada). This classification is significant for investors as it may influence their tax obligations positively, depending on their individual circumstances.
Dividend Reinvestment Plan
Sienna offers a Dividend Reinvestment Plan (DRIP), allowing eligible shareholders the option to reinvest their cash dividends for additional common shares. Shares purchased through the DRIP come at a 3% discount from the current market price, providing a financial incentive for shareholders interested in increasing their investments. Those shareholders who choose not to participate will continue to receive their dividends in cash.
About Sienna Senior Living
Sienna Senior Living Inc. (TSX: SIA) is dedicated to providing a comprehensive array of senior living options. This includes independent living, assisted living, and memory care services through the Aspira brand, as well as long-term care facilities and various specialized programs tailored to meet the well-being of the elderly. With around 12,500 employees, Sienna prioritizes fostering happiness and quality in day-to-day living for its residents.
Company Contact Information
For more details about Sienna or inquiries related to investments, please reach out to:
David Hung
Chief Financial Officer & Executive Vice President, Investments
(905) 489-0258
david.hung@siennaliving.ca
Frequently Asked Questions
What is the announced dividend amount for December 2024?
The announced dividend amount is $0.078 per common share.
When will the dividend be paid to shareholders?
The dividend will be paid on January 15, 2025, to shareholders of record on December 31, 2024.
What provisions are available for reinvesting dividends?
Sienna provides a Dividend Reinvestment Plan (DRIP) allowing shareholders to reinvest their dividends at a 3% discount on market prices.
How does the tax designation of the dividends impact shareholders?
The dividends are designated as eligible dividends, which may provide favorable tax treatment for Canadian shareholders.
Where can I find more information about Sienna Senior Living?
Additional information is available on Sienna's website, offering insights into their services and investor relations.
