Sienna Senior Living (TSX:SIA) & Medical Facilities (TSX:DR): 2 Smallcap Dividend Paying Stocks

Summary

  • Sienna Senior Living Inc. pays a cash dividend of C$ 0.936 per common share on an annualized basis. Its current dividend yield stands at 7.946 per cent.
  • Sienna’s stock has increased by 14.81 per cent in the last three months.
  • Medical Facilities Corp. pays a quarterly cash dividend payment of C$ 0.07 per common share. Its current dividend yield is 5.49 per cent.
  • Shares of Medical Facilities Corp have soared by 33.15 per cent in the last three months.

 

The COVID-19 pandemic has thrust the healthcare sector into focus. Investors tend to gravitate towards dividend-paying stocks with a good dividend yield in times of crisis. In this write-up, we take a close look two smallcap dividend paying healthcare stocks: Medical Facilities Corporation (TSX: DR) & Sienna Senior Living Inc. (TSX: SIA).

Both the scrips offer dividend yields above 5 per cent and are a part of TMX’s top dividend stocklist that ranks stocks with the highest dividend yields in the last 30 days across the Toronto Stock Exchange (TSX) and the TSX Venture (TSXV).

 

Sienna Senior Living Inc. (TSX: SIA)

Monthly Dividend: C$ 0.078

 

 

Ontario-based Sienna provides a wide range of seniors’ care facilities, including independent living, assisted living, long-term care, and specialized programs and services.

Sienna announced a monthly cash dividend of C$ 0.078 per common share for October 2020. The dividend will be paid to its shareholders on November 13, 2020. The company pays a cash dividend of C$ 0.936 per Common Share on an annualized basis. Its current dividend yield stands at 7.946 per cent. SIA’s 3-year dividend growth is 1.10 per cent.

The healthcare stock is currently trading at C$ 11.78.

 

Sienna Senior Living Stock Performance

 

Sienna stock is down over 35 per cent his year. However, in the last three months, the stock has soared by 14.81 per cent.

Its current market capitalization is C$ 789.72 million.

As per the TMX data, SIA’s profit-to-book (P/B) ratio is 1.601 and the price-to-cash flow (P/CF) ratio is 8.20. The company provides a slightly negative return on equity (ROE) of 0.83 per cent and a negative return on assets (ROA) of 0.24 per cent. The company’s current debt-to-earnings ratio is 2.30.

Apart from making it TMX’s top dividend stocklist, Sienna Senior Living has also been placed on TMX’s top healthcare stocks that have outperformed the markets (TSXV and TSX) in the last 30 days.

The company reported a revenue of C$ 162.922 million for its second quarter of 2020, a 1.82 per cent decline compared to C$ 165.957 million in the same period of 2019.

As per the company Q2 2020 financial report, Sienna Senior Living temporarily suspended its dividend reinvestment plan in order to avert dilution at then current stock price due to increased stock market volatility.

The company is expected to release its third quarter earnings of 2020 on November 11.

 

Medical Facilities Corporation (TSX: DR)

Quarterly Dividend: C$ 0.07

 

Medical Facilities Corporation has a diverse portfolio of surgical facilities in nine states across the United States.

The firm recently approved quarterly cash dividend payment of C$ 0.07 per common share. The company distributed the cash dividend to its shareholders on October 15, 2020. The company’s current dividend yield stands at 5.49 per cent.

 

Medical Facilities Corp. Stock Performance

Medical Facilities has advanced by 8.51 per cent this year and jumped by 33.15 per cent in the last three months.

Its current market capitalization stands at C$ 158.39 million.

As per TMX data, Medical Facilities Corp’s profit-to-book (P/B) ratio is 0.911 and the price-to-cash flow (P/CF) ratio is 1.80. The company offers a positive return on equity (ROE) of 26.37 per cent and a positive return on assets (ROA) of 6.45 per cent. The company’s current debt-to-earnings ratio is 1.69. Its price-to-earning ratio is 3.60.

The company has been ranked among TMX’s top healthcare stocks that have outperformed their peers in the last 30 days.

The company posted total revenue and other income of US$ 88.804 million for its second quarter of 2020, a 5.8 per cent decrease compared to US$ 94.230 million in the same period of 2019.

During the second quarter of 2020, the company paid a quarterly cash dividend of C$ 0.07 per common share (or C$0.28 per share on an annualized basis), which represented an annualized yield of 6.45% on the June 30, 2020 closing price of US$ 4.34 per common share.

Medical Facilities Corp. is expected to release its third quarter financial earnings of 2020 on November 12.

The stock is currently trading at C$5.10.

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