Savaria Co. (SIS) Declares $0.03 Monthly Dividend

Savaria Co. (TSE:SIS) announced a monthly dividend on Tuesday, February 20th, Zacks reports. Investors of record on Friday, March 2nd will be paid a dividend of 0.03 per share on Friday, March 16th. This represents a $0.36 annualized dividend and a dividend yield of 2.20%. The ex-dividend date is Thursday, March 1st.

Shares of Savaria (TSE SIS) opened at C$16.39 on Friday. The firm has a market capitalization of $677.33, a price-to-earnings ratio of 45.53 and a beta of 0.28. Savaria has a fifty-two week low of C$10.18 and a fifty-two week high of C$19.24.

In other Savaria news, Director Peter Allen Drutz sold 5,000 shares of the stock in a transaction on Friday, December 1st. The stock was sold at an average price of C$17.81, for a total value of C$89,050.00.

Several research analysts have issued reports on the company. Desjardins increased their price objective on Savaria from C$17.50 to C$18.50 in a research report on Thursday, November 16th. National Bank Financial increased their price objective on Savaria from C$17.00 to C$18.50 and gave the stock an “outperform” rating in a research report on Wednesday, November 15th.

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Savaria Company Profile

Savaria Corporation is a Canada-based company, which offers a range of stairlifts, platform lifts, and residential and commercial elevators. The Company operates through two segments: Accessibility and Adapted Vehicles. The Accessibility segment designs, manufactures, distributes and installs accessibility products, such as stairlifts for both straight and curved stairs, vertical and inclined platform lifts and elevators for home and commercial use.

Dividend History for Savaria (TSE:SIS)

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