Sienna Senior Living Declares January Dividend for 2025
MARKHAM, Ontario — Sienna Senior Living Inc. (“Sienna” or the “Company”) (TSX: SIA) has made an exciting announcement regarding its dividend for January. The Company will distribute a dividend of $0.078 per common share for this month, amounting to an impressive annualized rate of $0.936 per share.
Dividend Payment Details for Shareholders
The upcoming dividend will be payable on February 14, 2025, to all shareholders who are on record as of January 31, 2025. This timely distribution reflects Sienna's commitment to providing value to its investors.
Understanding Eligible Dividends
Sienna’s dividends are classified as eligible dividends under Canadian tax regulations, specifically in accordance with subsection 89(14) of the Income Tax Act (Canada), along with corresponding provincial and territorial laws. This designation is important for shareholders as it affects how dividends are taxed.
The Dividend Reinvestment Plan (DRIP)
Sienna also offers a unique Dividend Reinvestment Plan (the “DRIP”), allowing eligible shareholders to opt for cash dividends to be reinvested into additional common shares. This plan provides the opportunity to acquire shares at a 3% discount from the market price, an attractive option for many, although participation in the DRIP is entirely optional. Shareholders who choose not to enroll will continue to receive cash dividends directly.
About Sienna Senior Living Inc.
Sienna Senior Living Inc. (TSX: SIA) is a major player in the senior living sector, providing a diverse array of living options. Their offerings include independent living, assisted living, memory care through the Aspira retirement brand, long-term care, and a range of specialized programs and services aimed at enhancing the quality of life for seniors. The company prides itself on having approximately 12,500 dedicated employees focused on fostering a happy and fulfilling living environment for its residents.
Company Mission and Vision
Sienna's mission goes beyond just providing living spaces; their goal is to cultivate happiness and well-being in the lives of their residents every day. The team is passionate about empowering seniors to enjoy their independence while ensuring that they have access to the necessary care and support when needed.
Contact Information
For any inquiries or further information, 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 January dividend announced by Sienna Senior Living?
Sienna Senior Living announced a dividend of $0.078 per common share for January 2025.
When will the dividend be paid?
The dividend will be paid on February 14, 2025, to shareholders on record as of January 31, 2025.
What is the DRIP offered by Sienna Senior Living?
The Dividend Reinvestment Plan allows shareholders to reinvest their cash dividends in additional common shares at a 3% discount.
Are Sienna's dividends eligible for Canadian tax purposes?
Yes, the dividends are designated as eligible dividends according to Canadian tax regulations.
How can shareholders contact Sienna Senior Living for more information?
Shareholders can contact David Hung, the Chief Financial Officer, at (905) 489-0258 or via email at david.hung@siennaliving.ca.
