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Medical Facilities Corp T.DR

Alternate Symbol(s):  MFCSF

Healthcare Medical Care
Medical Facilities Corporation is a Canada-based company, which owns a portfolio of surgical facilities in the United States. The Company owns interest in four specialty surgical hospitals (SSHs) located in Arkansas, Oklahoma, and South Dakota, and one ambulatory surgery centers (ASC) located in California. ASCs are specialized surgical centers that only provide outpatient procedures, whereas SSHs are licensed for both inpatient and outpatient surgeries. The SSHs and ASC provide facilities, including staffing, surgical materials and supplies, and other support necessary for scheduled surgical, pain management, imaging, and diagnostic procedures and derive their revenue primarily from the fees charged for the use of these facilities. In addition, two of the SSHs provide urgent care services. The facilities focus on a limited number of clinical specialties such as orthopedics, neurosurgery, pain management and other non-emergency elective procedures.


TSX:DR - Post by User

Medical Facilities Corp > Dividend increase 15%
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Comment by flamingogoldon Nov 11, 2021 4:01pm
184 Views
Post# 34116740

RE:RE:Dividend increase 15%

RE:RE:Dividend increase 15%I bought during 2020 to bring my average down so my shares are green and the divs, despite the previous cut, are gravy. Looking forward to future further increases as more and more get in line for the backlog of surgeries.

CanSiamCyp wrote: Not to be a "buzz kill" but keep in mind that the dividend was cut by 50% prior to the Wu Flu outbreak - primarily cuz of bad, bad business decisions by the management of MFC. So mathematically speaking, the dividend would have to be increased by 100% to restore the dividend to its initial level. Just saying! Of course, a 15% increase is better than a kick in the a$$!





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