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  • Sienna Senior Living (SIA) has announced a dividend of C$0.078 per common share for the month of January 2021
  • This represents $0.936 per common share on an annualized basis
  • The dividend will be payable on February 12, 2021 to shareholders of record as of January 29, 2021
  • According to a reporting done by CBC News, Sienna paid out C$43.6 million to its shareholders in 2020
  • Sienna Senior Living is up 1.04 per cent and is trading at $13.17 per share

Sienna Senior Living (SIA) has announced a dividend of $0.078 per common share for the month of January 2021.

The company said this represents C$0.936 per common share on an annualized basis.

The dividend will be payable on February 12, 2021 to shareholders of record as of January 29, 2021.

The company’s dividends are designated as eligible dividends for Canadian tax purposes in accordance with subsection 89(14) of the Income Tax Act and any applicable corresponding provincial and territorial legislation.

Sienna Senior Living is a for-profit care provider with locations in British Columbia and Ontario.

According to reporting done by CBC News, Sienna paid out $43.6 million to its shareholders in 2020. The company insisted that none of that came from the money it received from taxpayers.

The Ontario government gave Sienna Senior Living Inc.$53.7 million last year which the company said went directly to front-line team members for the mandatory temporary pandemic pay program.

The CBC News report quoted communications staff stating that the other $27.7 million in provincial funding was spent on hiring additional front-line staff, personal protective equipment, sanitizing and cleaning supplies, infection prevention and control experts and training.

As of December 2020, The Ontario Ministry of Health said 329 residents and staff have died of COVID-19 in Sienna-owned or operated care facilities.

Sienna Senior Living is up 1.04 per cent and is trading at $13.17 per share at 12:10pm EST.

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