Leisureworld Senior Care Corporation (TSX: LW) today announced that the Company's dividend for October, 2010 will be $0.0708 per share, representing $0.85 per share on an annualized basis. Payment will be made on November 15, 2010 to shareholders of record October 29, 2010.
Leisureworld is the third largest licensed long-term care (LTC) provider in Ontario. The Company owns and operates 26 LTC homes, representing approximately 4,314 beds across Ontario, Canada. Leisureworld also owns and operates one retirement home with 29 beds and one independent living home with 53 apartments. Leisureworld subsidiaries include: Preferred Health Care Services, an accredited provider of professional nursing and personal support services, Ontario Long Term Care, a provider of purchasing services, dietary, social work, and other regulated health professional services, and Tealwood Developments, a provider of laundry services to the Leisureworld Homes.