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

Medical Facilities Co. (TSE:DR) declared a quarterly dividend on Thursday, September 19th, Zacks reports. Investors of record on Monday, September 30th will be given a dividend of 0.09 per share on Tuesday, October 15th. This represents a $0.36 dividend on an annualized basis and a yield of 2.59%. The ex-dividend date of this dividend is Monday, September 30th.

Medical Facilities Stock Performance

TSE:DR opened at C$13.88 on Friday. The company has a debt-to-equity ratio of 93.23, a current ratio of 1.11 and a quick ratio of 1.51. Medical Facilities has a 1 year low of C$8.31 and a 1 year high of C$14.33. The stock’s 50 day simple moving average is C$13.63 and its two-hundred day simple moving average is C$12.22. The company has a market cap of C$333.81 million, a price-to-earnings ratio of 20.72, a PEG ratio of 3.81 and a beta of 0.48.

Medical Facilities (TSE:DR) last released its quarterly earnings data on Tuesday, August 6th. The company reported C($0.03) earnings per share (EPS) for the quarter. Medical Facilities had a return on equity of 35.99% and a net margin of 2.75%. The firm had revenue of C$146.64 million during the quarter, compared to the consensus estimate of C$144.66 million. As a group, equities analysts anticipate that Medical Facilities will post 1.2154648 earnings per share for the current fiscal year.

Analyst Ratings Changes

DR has been the topic of several analyst reports. Leede Jones Gable boosted their target price on Medical Facilities from C$15.00 to C$15.50 and gave the company a “buy” rating in a research report on Wednesday, August 7th. Royal Bank of Canada boosted their target price on Medical Facilities from C$13.00 to C$14.00 and gave the company a “sector perform” rating in a research report on Wednesday, August 7th.

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.