Medical Facilities Corporation (TSX: DR) is a Toronto, Canada-based company with interests in over six entities (the Centers). The company’s Centers provide facilities such as staff, surgical materials and supplies, and other support necessary for scheduled surgical, pain management, imaging and diagnostic procedures. The Centers focus on clinical specialties, such as orthopedic, neurosurgery, pain management and other non-emergency elective procedures.
Medical Facilities shares have edged higher in trading today after the company announced a dividend for the month of June. At last check, Medical Facilities shares were trading 1.26% higher at $18.50 on volume of 40,414, which is below the daily average volume of 58,456.
Medical Facilities announced a cash dividend payment of C$0.09375 per common share. The dividend will be payable on July 15th, 2016 to holders of record of common shares at the close of the business on June 30, 2016.
Medical Facilities has an excellent track record when it comes to dividend payments. In fact, the June dividend will be the company’s 147th consecutive dividend payment since inception. In addition to consistent dividend payments, Medical Facilities also offers an attractive yield. The yield currently stands at 6.10%.
