Stock Price
TSX:MDS
PRICE: $
CHANGE:
VOLUME:353,267
NYSE:MDZ
PRICE: $
CHANGE:
VOLUME:486,615
Investor Information
120.1 million shares outstanding
(Nov 30, 2008)
Market cap of C$ 994.7 million
(Nov 30, 2008)
Investor Links
Dividend Info
Dividend Payments
NOTE: As announced in the October 5, 2006 news release regarding the sale of MDS Diagnostic Services, MDS discontinued the payment of the quarterly dividend following the close of the transaction. This change is part of a number of planned changes to the capital structure in keeping with the practices of MDS’ life sciences peers.
Previous to this change, MDS has paid dividends since 1976. In September 2004 the MDS Board of Directors revised its dividend policy and declared a quarterly cash dividend of $0.0325 per Common share. The policy was designed to maintain stable and consistent dividends, with a targeted payout ratio of approximately 10-15% of the previous year's normalized, sustainable earnings per share after consideration of the Company's cash and liquidity position and future cash requirements.
Eligible Dividend Designation
Shareholders filing Canadian personal income tax returns should be aware that certain dividends received after 2005 that are designated as "eligible dividends" under the Income Tax Act of Canada by the paying corporation will be eligible for more favorable treatment for Canadian income tax purposes than normal dividends that are received by them. This designation is made for purposes of the enhanced dividend tax credit according to subsection 89(14) of the Income Tax Act, and for any corresponding provincial legislation. Please consult with your own tax advisor for advice with respect to the income tax consequences to you of MDS Inc. designating the eligibility of dividends paid on its shares.
2006 Dividends
The summary table below indicates MDS Inc.'s designation of the dividends paid in 2006.
[Download 2006 Eligible Dividend Table]
2007 Dividends
MDS Inc. designates all dividends paid on January 8, 2007 as “eligible dividends” for the purposes of the enhanced dividend tax credit.
And as announced on April 9, 2007, MDS Inc. accepted for purchase and cancellation 22,831,050 common shares at a purchase price of C$21.90 per share. For Canadian tax purposes a deemed dividend of $16.75 per share arose on that share buyback. MDS Inc. designates $16.71 per share as an "eligible dividend" with the remaining $0.04 per share representing a "non-eligible dividend".
Dividend Reinvestment and Share Purchase Plan (DRIP)
As noted above, the discontinuation of the dividend will result in the discontinuance of our Dividend Reinvestment and Cash Share Purchase Plans (DRIP).
If you would like more information about how this plan will be discontinued and the impact this will have, please visit the CIBC Mellon Trust Company's website or contact them at (416) 813-4600 or toll-free at 1 (800) 387-0825.