Sienna Senior Living Inc T.SIA

Alternate Symbol(s): LWSCF

Healthcare

Sienna Senior Living Inc. is a Canada-based senior living provider. The Company offers a full range of senior living options, including independent living (IL), assisted living (AL) and memory care (MC) under its Aspira retirement brand, long-term care (LTC), and specialized programs and services. The Company owns and operates senior living residences in the Provinces of British Columbia, Saskatchewan and Ontario. The Company owns and operates a total of approximately 82 senior living residences: 40 retirement residences (RRs) (including the Company's 50% joint venture interest in 12 residences in Ontario and Saskatchewan); 34 LTC communities; and eight senior living residences providing both private-pay IL/AL and funded LTC (including the Company's joint ownership in two residences in British Columbia). The Company also provides management services to an additional 12 senior living residences in the Provinces of British Columbia, Ontario and Alberta.

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Sienna Senior Living Inc > Yield is closing in on 8% BUT is it safe?

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Comment by dogatcaton Sep 23, 2022 12:43pm

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Post# 34982244

RE:Yield is closing in on 8% BUT is it safe?

The dividend payment is covered almost entirely by the Ontario government's contribution to Sienna for the LTC beds. This dividend is as safe it can be in this market.

The government may have to increase the subsidy to Sienna and the other LTC homes if costs rise. Remember, no one wants to run LTV beds but someone has to. The government (s) will always backstop this or risk political suicide.

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