Latest news with #SiennaSeniorLivingInc
Yahoo
5 days ago
- Business
- Yahoo
Sienna Senior Living Inc. Announces Results From Annual and Special Meeting
MARKHAM, Ontario, May 29, 2025 (GLOBE NEWSWIRE) -- Sienna Senior Living Inc. ('Sienna' or the 'Company') (TSX: SIA) is pleased to announce that it has received shareholder approval in respect of all resolutions to be voted upon at its Annual and Special Meeting of Shareholders held on May 28, 2025 (the 'Meeting'). In particular, all nominees listed in the Company's management information circular dated April 8, 2025 were elected as directors of the Company. The proxy voting results for each nominee are as follows: Nominee Votes For Votes Withheld No. % No. % Barbara Bellissimo 38,120,866 99.05 367,013 0.95 Paul Boniferro 38,176,534 99.19 311,345 0.81 Dr. Gina Parvaneh Cody 34,888,362 90.65 3,599,517 9.35 Nitin Jain 38,154,150 99.13 333,729 0.87 Shelly Jamieson 37,707,469 97.97 780,409 2.03 Brian Johnston 38,057,867 98.88 430,012 1.12 Stephen Sender 34,859,435 90.57 3,628,444 9.43 Proxy voting results for all matters voted on at the Meeting will be filed on SEDAR+ at About Sienna Senior Living Inc. 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 For further information, please contact: Nancy WebbExecutive Vice President, Corporate Affairs and Marketing (905) 477-4006 ext.
Yahoo
21-02-2025
- Business
- Yahoo
Sienna Senior Living (TSE:SIA) Has Announced A Dividend Of CA$0.078
Sienna Senior Living Inc. (TSE:SIA) has announced that it will pay a dividend of CA$0.078 per share on the 14th of March. This means the annual payment is 5.7% of the current stock price, which is above the average for the industry. Check out our latest analysis for Sienna Senior Living We like to see robust dividend yields, but that doesn't matter if the payment isn't sustainable. Based on the last payment, earnings were actually smaller than the dividend, and the company was actually spending more cash than it was making. This high of a dividend payment could start to put pressure on the balance sheet in the future. Earnings per share could rise by 32.6% over the next year if things go the same way as they have for the last few years. Assuming the dividend continues along recent trends, we think the payout ratio could reach 153%, which probably can't continue without starting to put some pressure on the balance sheet. The company has a sustained record of paying dividends with very little fluctuation. The annual payment during the last 10 years was CA$0.90 in 2015, and the most recent fiscal year payment was CA$0.936. Dividend payments have been growing, but very slowly over the period. Slow and steady dividend growth might not sound that exciting, but dividends have been stable for ten years, which we think makes this a fairly attractive offer. Investors could be attracted to the stock based on the quality of its payment history. Sienna Senior Living has impressed us by growing EPS at 33% per year over the past five years. While EPS is growing rapidly, Sienna Senior Living paid out a very high 223% of its income as dividends. If earnings continue to grow, this dividend may be sustainable, but we think a payout this high definitely bears watching. We should note that Sienna Senior Living has issued stock equal to 13% of shares outstanding. Regularly doing this can be detrimental - it's hard to grow dividends per share when new shares are regularly being created. In summary, while it's good to see that the dividend hasn't been cut, we are a bit cautious about Sienna Senior Living's payments, as there could be some issues with sustaining them into the future. We can't deny that the payments have been very stable, but we are a little bit worried about the very high payout ratio. We would probably look elsewhere for an income investment. Investors generally tend to favour companies with a consistent, stable dividend policy as opposed to those operating an irregular one. At the same time, there are other factors our readers should be conscious of before pouring capital into a stock. As an example, we've identified 2 warning signs for Sienna Senior Living that you should be aware of before investing. Looking for more high-yielding dividend ideas? Try our collection of strong dividend payers. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
