Sienna Senior Living Inc. raised its monthly dividend to 7.65 Canadian cents per share from 7.5 cents per share.

The increased dividend will be payable Sept. 14 to shareholders of record Aug. 31.

The Canadian seniors housing facility provider also acquired a further 16% interest in Glenmore Lodge in British Columbia for C$6.2 million during the second quarter, bringing its stake in the property to 77%.