Sienna Senior Living Declares June Dividend for Shareholders
Sienna Senior Living Declares June Dividend
Sienna Senior Living Inc. (TSX: SIA) has officially announced a dividend of $0.078 per common share for the month of June. This exciting news translates to an annualized rate of $0.936 per common share, highlighting the company’s ongoing commitment to delivering value to its shareholders.
Dividend Payment Details
The announced dividend is set to be paid on July 15, 2025, to those shareholders who are on record by June 30, 2025. This timely distribution reinforces the company's positive operational outcomes and robust financial health.
Tax Implications for Shareholders
All dividends declared by Sienna are classified as eligible dividends for Canadian tax purposes. This classification follows the guidelines outlined in subsection 89(14) of the Income Tax Act, ensuring that shareholders can benefit from favorable tax treatment in Canada.
Dividend Reinvestment Plan (DRIP)
Sienna also provides a Dividend Reinvestment Plan (DRIP) for eligible shareholders. This option allows shareholders to use their cash dividends to purchase additional common shares at a 3% discount from the prevailing market price. It’s an attractive option for those looking to increase their investment in Sienna without incurring additional cash outlay.
Opting In or Out of the DRIP
Participation in the DRIP is completely optional. Shareholders who prefer to receive their dividends in cash can continue to do so without any changes to their current investments. Detailed information about the DRIP is available on Sienna's website under the Investors section.
About Sienna Senior Living
Sienna Senior Living Inc., identified by its stock ticker TSX: SIA, prides itself in offering a wide array of senior living solutions. Their services encompass independent living, assisted living, and specialized memory care through the Aspira retirement brand. Sienna is not just a service provider; with approximately 14,500 dedicated employees, the company is deeply committed to fostering a joyful environment for its residents every day.
Company’s Commitment to Quality Care
At Sienna, the focus is not only on providing housing but rather creating a community where residents can thrive. The company continuously invests in enhancing its facilities and services to meet the evolving needs of seniors.
Contact Information
If you need more details or have any inquiries, please reach out to David Hung, the Chief Financial Officer and Executive Vice President of Investments at Sienna Senior Living. He can be contacted at (905) 489-0258 or via email at david.hung@siennaliving.ca.
Frequently Asked Questions
What is the declared dividend amount for June?
The declared dividend amount for June is $0.078 per common share.
When will the dividend be paid out?
The dividend is scheduled for payment on July 15, 2025.
Is there a tax advantage to the dividends?
Yes, the dividends are designated as eligible dividends for Canadian tax purposes.
What is the Dividend Reinvestment Plan (DRIP)?
The DRIP allows shareholders to reinvest their cash dividends in additional common shares at a 3% discount.
Can I choose not to participate in the DRIP?
Absolutely, participating in the DRIP is optional, and you can continue to receive cash dividends.
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