Medical Facilities Corp (TSE:DR) Announces Dividend Increase – $0.09 Per Share
Medical Facilities Corp (TSE:DR) announced a monthly dividend on Friday, July 21st, Zacks reports. Investors of record on Monday, July 31st will be paid a dividend of 0.094 per share on Tuesday, August 15th. This represents a $1.13 dividend on an annualized basis and a dividend yield of 8.35%. The ex-dividend date of this dividend is Thursday, July 27th. This is a boost from Medical Facilities Corp’s previous monthly dividend of $0.09.
Shares of Medical Facilities Corp (TSE DR) traded up 0.44% during mid-day trading on Wednesday, hitting $13.57. 8,297 shares of the company were exchanged. Medical Facilities Corp has a 12-month low of $13.50 and a 12-month high of $23.44. The stock has a market cap of $421.28 million and a PE ratio of 29.50. The stock’s 50-day moving average price is $14.75 and its 200 day moving average price is $17.20.
Several research firms have recently weighed in on DR. Royal Bank Of Canada reduced their price objective on Medical Facilities Corp from C$23.00 to C$20.00 and set an “outperform” rating for the company in a research report on Thursday, April 6th. CIBC began coverage on Medical Facilities Corp in a research report on Wednesday, April 5th. They issued an “outperform” rating and a C$24.00 price objective for the company. TD Securities reduced their price objective on Medical Facilities Corp from C$25.00 to C$23.00 in a research report on Monday, April 17th. Finally, National Bank Financial reduced their price objective on Medical Facilities Corp from C$18.00 to C$16.50 in a research report on Tuesday, June 13th.
In other news, Director Marilynne Day-Linton bought 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, June 14th. The stock was acquired at an average cost of C$15.32 per share, for a total transaction of C$38,300.00. Also, Director Jeffrey Clifford Lozon bought 2,300 shares of the business’s stock in a transaction that occurred on Thursday, June 29th. The stock was purchased at an average price of C$14.58 per share, with a total value of C$33,534.00.
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About Medical Facilities Corp
Medical Facilities Corporation is a Canada-based company, which owns interests in over six entities (the Centers), approximately five of which either own a specialty surgical hospital (SSH) or an ambulatory surgery center (ASC). The Company’s Centers offer facilities, such as staff, surgical materials and supplies, and other support necessary for scheduled surgical, pain management, imaging and diagnostic procedures.
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