Savaria Co. Declares Monthly Dividend of $0.03 (SIS)

Savaria Co. (TSE:SIS) announced a monthly dividend on Monday, December 18th, Zacks reports. Stockholders of record on Tuesday, January 2nd will be given a dividend of 0.03 per share on Tuesday, January 16th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.02%. The ex-dividend date is Friday, December 29th.

Shares of Savaria (TSE SIS) opened at C$17.86 on Friday. Savaria has a 12 month low of C$10.18 and a 12 month high of C$18.47. The company has a market capitalization of $739.54, a price-to-earnings ratio of 49.61 and a beta of 0.27.

In related 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 transaction of C$89,050.00. Insiders have sold 11,000 shares of company stock worth $192,880 over the last ninety days.

SIS has been the topic of a number of recent research reports. National Bank Financial increased their target price on Savaria from C$17.00 to C$18.50 and gave the stock an “outperform” rating in a research note on Wednesday, November 15th. Desjardins reaffirmed a “buy” rating and set a C$16.50 price objective on shares of Savaria in a research report on Wednesday, October 18th.

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Savaria Company Profile

Savaria Corporation operates in the accessibility industry in Canada, the United States, and internationally. The company operates in two segments, Accessibility and Adapted Vehicles. The Accessibility segment designs, manufactures, distributes, and installs accessibility products, such as stairlifts for straight and curved stairs; vertical and inclined wheelchair lifts; elevators for home and commercial use; and patient lifts.

Dividend History for Savaria (TSE:SIS)

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