Medical Facilities TSX:DR

2 years 6 months ago #122406 by alexgreat
alexgreat replied the topic: Medical Facilities TSX:DR
Another great divy pick by Ron, it is up nice from the $14 area I got in and 8% yield is awesome.

Next earnings report about a week away March 15

Medical Facilities Corp. will pay a cash dividend payment of 9.375 cents per common share on March 15, 2019, to holders of record of common shares at the close of business on Feb. 28, 2019. This will be the company's 179th consecutive dividend payment since inception.

The ex dividend date for this distribution will be Feb. 27, 2019. Medical Facilities designates this dividend to be an eligible dividend pursuant to subsection 89(14) of the Income Tax Act (Canada) and its equivalent in any provinces of Canada.

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2 years 10 months ago #121485 by GoldnBoy
GoldnBoy replied the topic: Medical Facilities TSX:DR
Gambler, thanks for starting topic. I bought a position and have a nice gain already

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2 years 10 months ago #121483 by Gambler
Gambler created the topic: Medical Facilities TSX:DR
I bought Ron's latest dividend pick. I like it - in a good growth sector (medical care) and the dip in the stock price makes a nice 8% yield. Here is their last financials released this past week

TORONTO, Nov. 8, 2018 /CNW/ - Medical Facilities Corporation ("Medical Facilities," "MFC," or the "Corporation") (TSX: DR), reported its financial results today for the three-month and nine-month periods ended September 30, 2018. All amounts are expressed in U.S. dollars unless indicated otherwise.

Q3 2018 Summary
(Compared to Q3 2017)

Revenue increased 17.1% to $104.2 million
Surgical cases increased by 47.4%
Income from operations increased 32.9% to $16.5 million
EBITDA1 increased 17.1% to $22.6 million
Cash available for distributions1 decreased 23.4% to C$9.4 million
Payout ratio1 was 92.4% compared to 70.7% in Q3 2017

"Our strong financial results for the quarter are a testament to the diversification across our portfolio," said Robert O. Horrar, President and CEO of Medical Facilities. "Total revenue was up 17.1%, including organic growth of 7.4%, which was driven by increases at Unity Medical, Oklahoma Spine, and Black Hills Surgical Hospitals. Our EBITDA kept pace, also increasing at 17.1% for the quarter. Importantly, we are well positioned to capitalize on the growing demand for outpatient healthcare services. While organic growth remains a priority, our recently increased credit line and our MFC Nuehealth partnership improve our ability to pursue additional targets within our acquisition pipeline."

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