Medical Facilities Co. (TSE:DR) to Issue $0.09 Quarterly Dividend

Key Points

• Medical Facilities Co. has declared a quarterly dividend of $0.09 per share, scheduled for payment on October 15th to stockholders of record as of September 30th.
• The company's stock was trading at C$14.08 with a market capitalization of C$229.08 million, and it has a P/E ratio of 9.43.
• Medical Facilities Co. owns and operates a diverse portfolio of surgical facilities in the U.S., including four specialty hospitals and six ambulatory surgery centers that provide various medical procedures and services.

Medical Facilities Co. (TSE:DR - Get Free Report) announced a quarterly dividend on Thursday, August 7th, RTT News reports. Shareholders of record on Tuesday, September 30th will be given a dividend of 0.09 per share on Wednesday, October 15th. This represents a c) dividend on an annualized basis and a yield of 2.4%.

Medical Facilities Stock Up 3.4%

Shares of DR stock traded up C$0.48 during trading hours on Monday, reaching C$14.78. 43,861 shares of the company's stock were exchanged, compared to its average volume of 59,370. The stock's 50 day moving average is C$15.44 and its 200-day moving average is C$15.81. The company has a market cap of C$240.47 million, a price-to-earnings ratio of 9.89, a P/E/G ratio of 3.81 and a beta of 0.47. The company has a current ratio of 1.15, a quick ratio of 1.51 and a debt-to-equity ratio of 126.06. Medical Facilities has a fifty-two week low of C$12.98 and a fifty-two week high of C$17.97.

About Medical Facilities

Medical Facilities Corp owns a diverse portfolio of surgical facilities in the United States. Through its wholly-owned subsidiaries, the company owns controlling interests in four specialty hospitals and six ambulatory surgery centers. The hospitals offer a range of non-emergency surgical, imaging, diagnostic and pain management procedures, and other ancillary services.