Sienna Senior Living Declares September Dividend Payment
Sienna Senior Living Declares September Dividend Payment
MARKHAM, Ontario – Sienna Senior Living Inc. (TSX: SIA) has officially announced its dividend for September 2024, signifying a noteworthy commitment to returning value to its shareholders. With a declared amount of $0.078 per common share, Sienna demonstrates its financial stability and dedication to investor interests.
Details of the Dividend Announcement
This dividend, amounting to $0.936 per common share on an annualized basis, is scheduled to be paid on October 15, 2024. To qualify, shareholders must be on record by September 30, 2024. This structure not only benefits current investors but also attracts potential shareholders looking for reliable returns.
Tax Implications of the Dividend
Sienna’s dividends are classified as eligible dividends according to the Canadian Income Tax Act. This designation may have favorable tax implications for Canadian shareholders, adhering to subsection 89(14) and related provincial and territorial laws. This recognition emphasizes Sienna’s alignment with investor-friendly practices, ensuring transparency regarding tax liabilities.
About Sienna Senior Living
Sienna Senior Living Inc. (TSX:SIA) continues to be a leader in providing comprehensive senior living solutions. Their offerings span various services including independent living, assisted living, memory care under the Aspira retirement brand, as well as long-term care and multiple specialized programs. The company prides itself on its workforce of around 12,500 employees who strive to foster happiness and wellbeing in the lives of their residents. Sienna's focus on quality and compassionate care positions it as a trusted name in senior living.
Company Values and Mission
At Sienna, the mission is more than just providing living spaces; it’s about enriching the lives of seniors. Every service is tailored to ensure that residents feel valued, secure, and at home. By fostering an environment conducive to wellbeing, Sienna helps seniors lead full, engaging, and satisfying lives.
Contact Information for Inquiries
For more detailed information regarding the recent dividend announcement or other inquiries, investors are encouraged to reach out to David Hung, Chief Financial Officer & Executive Vice President, at (905) 489-0258 or via email at david.hung@siennaliving.ca. Professional assistance ensures that all investor queries are addressed efficiently.
Frequently Asked Questions
What is the amount of the dividend declared by Sienna for September?
The declared dividend amount for September 2024 is $0.078 per common share.
When will the dividend be paid out to shareholders?
The dividend is scheduled to be paid on October 15, 2024.
What are the eligibility criteria for receiving the dividend?
Shareholders must be on record by September 30, 2024, to qualify for the dividend payment.
Are the dividends from Sienna considered eligible dividends for tax purposes?
Yes, the dividends are classified as eligible dividends under the Canadian Income Tax Act.
How can I contact Sienna for more information?
For inquiries, you can contact David Hung at (905) 489-0258 or email him at david.hung@siennaliving.ca.
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