1. Sienna announced a dividend of $0.078 per share for August 2025. 2. The annualized dividend amounts to $0.936 per share. 3. Dividends are eligible for tax benefits under Canadian legislation. 4. A Dividend Reinvestment Plan offers shares at a 3% discount. 5. Sienna provides various senior living services through the Aspira brand.
Regular dividend payments often enhance investor confidence and attract demand, especially in low-rate environments. Historically, stable dividends correlate with stock price appreciation in senior living sectors, evidenced by peers like Chartwell Retirement Residences boosting their valuations through similar announcements.
The dividend announcement is crucial, indicating financial health and sustainability, which could sway investor behavior positively. Given the importance of dividends in the Canadian investment culture, this announcement carries significant weight.
The immediate effect on stock price is likely due to upcoming dividend payouts. Previous instances show stock price increases leading up to and just after dividend announcements in the industry.
MARKHAM, Ontario, Aug. 15, 2025 (GLOBE NEWSWIRE) -- Sienna Senior Living Inc. ("Sienna" or the "Company") (TSX:SIA) today announced a dividend of $0.078 per common share of the Company (each, a "Common Share") for the month of August 2025, representing $0.936 per Common Share on an annualized basis.
The dividend will be payable on September 15, 2025 to shareholders of record as at August 29, 2025.
The Company's dividends are designated as eligible dividends for Canadian tax purposes in accordance with subsection 89(14) of the Income Tax Act (Canada), and any applicable corresponding provincial and territorial legislation.
Sienna has a Dividend Reinvestment Plan (the "DRIP") which allows eligible shareholders of the Company to direct that their cash dividends be reinvested in additional Common Shares. Common Shares issued pursuant to the DRIP are issued from treasury at a 3% discount from the market price. Participation in the DRIP is optional and shareholders who do not wish to participate in the DRIP will continue to receive cash dividends. A complete copy of the DRIP is available under the Investors section of the Company's website.
About Sienna Senior Living
Sienna Senior Living Inc. (TSX:SIA) offers a full range of senior living options, including independent living, assisted living and memory care under its Aspira retirement brand, long-term care, and specialized programs and services. Sienna's approximately 14,500 employees are passionate about cultivating happiness in daily life. For more information, please visit www.siennaliving.ca.
For further information, please contact:
David Hung
Chief Financial Officer & Executive Vice President, Investments
(905) 489-0258
david.hung@siennaliving.ca
