Medical Facilities Corp (DR) Plan C$0.09 Monthly Dividend

Medical Facilities Corp (DR) Plan C$0.09 Monthly Dividend

Medical Facilities Corp (TSE:DR) declared a monthly dividend on Wednesday, March 29th. Investors of record on Monday, April 17th will be paid a dividend of 0.0938 per share on Monday, April 17th. This represents a $1.13 dividend on an annualized basis and a dividend yield of 5.95%. The ex-dividend date of this dividend is Wednesday, March 29th.

Shares of Medical Facilities Corp (TSE:DR) traded down 2.82% on Tuesday, hitting $18.93. The company had a trading volume of 202,903 shares. Medical Facilities Corp has a 52 week low of $15.50 and a 52 week high of $23.44. The company has a market capitalization of $587.68 million and a price-to-earnings ratio of 63.10. The stock’s 50-day moving average is $18.80 and its 200 day moving average is $19.45.

A number of equities research analysts have commented on DR shares. TD Securities reiterated a “buy” rating and issued a C$25.00 price target on shares of Medical Facilities Corp in a research note on Friday. Royal Bank of Canada reiterated an “outperform” rating and issued a C$23.00 price target on shares of Medical Facilities Corp in a research note on Friday.

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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