Sienna Senior Living Announces Monthly Dividend for Investors
MARKHAM, Ontario — Sienna Senior Living Inc. (“Sienna” or the “Company”) is excited to announce a monthly dividend for all investors. The Company has declared a dividend of $0.078 per common share for the month of November, which translates to an impressive annualized figure of $0.936 per common share.
Dividend Payment Details
This dividend is scheduled for payment on December 15 to those shareholders who are on record as of November 28. This step continues Sienna's commitment to rewarding its shareholders consistently.
Tax Implications
In line with Canadian tax regulations, this dividend is classified as an eligible dividend according to subsection 89(14) of the Income Tax Act of Canada and other relevant legislation. This designation is important for shareholders taking tax positions on their investments.
Dividend Reinvestment Plan (DRIP)
Sienna also offers a Dividend Reinvestment Plan (DRIP). This plan allows eligible shareholders to reinvest cash dividends into additional common shares at a favorable 3% discount from the prevailing market price. Participation in the DRIP is entirely optional, providing shareholders the flexibility to choose how they wish to receive their dividends.
More About Sienna Senior Living
Sienna Senior Living Inc. (TSX: SIA) is dedicated to providing a wide array of senior living options tailored to meet diverse needs. Their offerings include independent living, assisted living, memory care through their Aspira retirement brand, as well as long-term care and specialized programs. With a dedicated workforce of approximately 15,000 employees, Sienna places great emphasis on creating joyful environments for its residents.
Company Contact Information
For further inquiries regarding this announcement or other investor-related questions, please reach out to David Hung, Chief Financial Officer & Executive Vice President, Investments at (905) 489-0258 or via email at david.hung@siennaliving.ca.
Frequently Asked Questions
What is the announced dividend amount for November?
The announced dividend amount for November is $0.078 per common share.
When will the dividend be paid?
The dividend will be paid on December 15 to shareholders of record as of November 28.
What is the purpose of the Dividend Reinvestment Plan (DRIP)?
The DRIP allows shareholders to reinvest their cash dividends into additional common shares at a 3% discount.
Is participation in the DRIP mandatory?
No, participation in the DRIP is optional for shareholders. They can choose to receive cash dividends instead.
How can I get more information on Sienna Senior Living?
More information can be found on Sienna Senior Living's website or by contacting their corporate office directly.
