Medical Facilities Corp Plans Monthly Dividend of $0.09 (DR)
Medical Facilities Corp (TSE:DR) declared a monthly dividend on Thursday, December 28th, TickerTech reports. Shareholders of record on Monday, January 15th will be paid a dividend of 0.0938 per share on Monday, January 15th. This represents a $1.13 dividend on an annualized basis and a dividend yield of 8.00%. The ex-dividend date is Thursday, December 28th.
Shares of Medical Facilities (TSE DR) traded up C$0.17 during trading hours on Friday, hitting C$14.07. 126,000 shares of the company’s stock were exchanged, compared to its average volume of 152,073. The stock has a market cap of $435.47, a PE ratio of 14.07 and a beta of 0.20. Medical Facilities has a 1-year low of C$11.14 and a 1-year high of C$19.90.
Several research firms have recently issued reports on DR. Canaccord Genuity raised their target price on shares of Medical Facilities from C$14.50 to C$16.00 in a report on Monday, August 28th. Royal Bank of Canada lowered their target price on shares of Medical Facilities from C$14.00 to C$13.00 and set a “sector perform” rating for the company in a report on Friday, November 10th. Finally, National Bank Financial lowered their target price on shares of Medical Facilities from C$15.00 to C$13.50 and set a “sector perform” rating for the company in a report on Friday, November 10th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of C$14.80.
Medical Facilities Company Profile
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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