Medical Facilities believes in generating returns for its shareholders in the form of both growth and dividend distributions. The declaration and payment of dividends on Medical Facilities’ common shares and the amount thereof are at the discretion of the Board of Directors which takes into account many factors, including the company’s financial results, capital requirements, available and future cash flow, debt levels and liquidity, and other factors considered relevant from time to time. It is Medical Facilities’ intention that a dividend of C$0.07 per common share will be declared and paid quarterly, subject to approval by the Board of Directors.
Medical Facilities designates all dividends paid or deemed to be paid as “eligible dividends” pursuant to subsection 89(14) of the Income Tax Act (Canada) and its equivalent in any provinces of Canada.
Historical dividend information is provided from June 2011, when Medical Facilities converted from an income participating securities (“IPS”) to a traditional common share structure. Until May 31, 2011, Medical Facilities paid a monthly distribution of $0.0917 per IPS unit, which consisted of interest on subordinated notes and dividends on common shares. For IPS distribution history, please click here.