Sienna Senior Living Announces September Dividend Payment
MARKHAM, Ontario – Sienna Senior Living Inc. (TSX: SIA) has made an official announcement regarding its dividend for September 2024. This reflects a significant commitment to delivering value to shareholders. The declared amount is $0.078 per common share, highlighting Sienna’s financial stability and focus on the interests of its investors.
Dividend Announcement Details
This dividend totals $0.936 per common share on an annual basis and is set to be paid on October 15, 2024. To be eligible, shareholders need to be on record by September 30, 2024. This structure not only serves current investors well but also appeals to potential shareholders seeking consistent returns.
Tax Considerations for the Dividend
According to the Canadian Income Tax Act, Sienna’s dividends are categorized as eligible dividends. This classification can offer favorable tax benefits for Canadian shareholders, in compliance with subsection 89(14) and applicable provincial and territorial laws. Such recognition underscores Sienna’s commitment to investor-friendly practices, ensuring clarity regarding tax responsibilities.
About Sienna Senior Living
Sienna Senior Living Inc. (TSX:SIA) is a prominent provider of comprehensive senior living solutions. Their wide range of services includes independent living, assisted living, memory care under the Aspira retirement brand, along with long-term care and various specialized programs. With approximately 12,500 dedicated staff members, Sienna is committed to promoting happiness and wellbeing for its residents. The focus on quality and compassionate care has established Sienna as a trusted leader in senior living.
Core Values and Mission
At Sienna, the mission goes beyond merely providing living spaces; it’s about enriching seniors' lives. Each service is customized to ensure residents feel valued, secure, and at home. By creating an atmosphere that encourages wellbeing, Sienna empowers seniors to live full, engaging, and satisfying lives.
Contact Information for Inquiries
For more information about the recent dividend announcement or to address any inquiries, investors can 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 is available to ensure all investor questions are handled promptly.
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?
To qualify for the dividend payment, shareholders must be on record by September 30, 2024.
Are the dividends from Sienna considered eligible dividends for tax purposes?
Yes, the dividends are classified as eligible dividends according to the Canadian Income Tax Act.
How can I contact Sienna for more information?
You can reach out to David Hung at (905) 489-0258 or email him at david.hung@siennaliving.ca for any inquiries.
