Medical Facilities Co. (TSE:DR) Increases Dividend to $0.09 Per Share

Medical Facilities Co. (TSE:DR) announced a quarterly dividend on Wednesday, June 19th, Zacks reports. Investors of record on Friday, June 28th will be paid a dividend of 0.09 per share on Monday, July 15th. This represents a $0.36 annualized dividend and a yield of 2.83%. The ex-dividend date is Friday, June 28th. This is an increase from Medical Facilities’s previous quarterly dividend of $0.08.

Medical Facilities Trading Up 0.1 %

DR stock traded up C$0.01 during midday trading on Thursday, hitting C$12.73. The stock had a trading volume of 400 shares, compared to its average volume of 53,466. The company has a current ratio of 1.09, a quick ratio of 1.51 and a debt-to-equity ratio of 99.96. The business has a fifty day moving average price of C$12.00 and a two-hundred day moving average price of C$10.46. Medical Facilities has a 1-year low of C$7.98 and a 1-year high of C$13.75. The firm has a market cap of C$311.50 million, a P/E ratio of 14.79, a price-to-earnings-growth ratio of 3.81 and a beta of 0.56.

Medical Facilities (TSE:DR) last announced its quarterly earnings data on Thursday, May 9th. The company reported C$0.09 earnings per share (EPS) for the quarter. The company had revenue of C$145.95 million for the quarter, compared to the consensus estimate of C$133.28 million. Medical Facilities had a return on equity of 38.26% and a net margin of 3.57%. On average, sell-side analysts predict that Medical Facilities will post 1.4764268 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently commented on DR shares. Royal Bank of Canada raised their price objective on shares of Medical Facilities from C$11.00 to C$12.00 and gave the stock a “sector perform” rating in a research report on Friday, March 15th. Leede Jones Gab raised shares of Medical Facilities from a “hold” rating to a “buy” rating in a research note on Thursday, May 9th.

Medical Facilities Company Profile

Medical Facilities Corporation, through its subsidiaries, owns and operates specialty hospitals and ambulatory surgery center in the United States. The company's specialty hospital offers non-emergency surgical, imaging, diagnostic, and pain management procedures, as well as other ancillary services, such as primary and urgent care; and ambulatory surgery centers offers scheduled outpatient surgical procedures.