Savaria Co. (TSE:SIS) to Issue Monthly Dividend of $0.04

Savaria Co. (TSE:SIS) declared a monthly dividend on Wednesday, January 12th, Zacks reports. Investors of record on Monday, January 31st will be given a dividend of 0.042 per share on Friday, February 11th. This represents a $0.50 dividend on an annualized basis and a yield of 2.67%. The ex-dividend date of this dividend is Friday, January 28th.

TSE SIS opened at C$18.87 on Friday. The company has a fifty day moving average of C$19.07 and a 200 day moving average of C$20.08. The company has a market capitalization of C$1.21 billion and a PE ratio of 39.48. Savaria has a 1 year low of C$15.22 and a 1 year high of C$22.63. The company has a debt-to-equity ratio of 94.56, a current ratio of 1.94 and a quick ratio of 1.05.

Savaria (TSE:SIS) last issued its quarterly earnings data on Wednesday, November 10th. The company reported C$0.15 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.18 by C($0.03). The business had revenue of C$180.76 million for the quarter, compared to analyst estimates of C$180.00 million. Research analysts expect that Savaria will post 0.88 earnings per share for the current year.

Several analysts recently issued reports on the stock. Scotiabank dropped their price objective on shares of Savaria from C$23.50 to C$23.00 in a research note on Thursday, October 7th. Eight Capital reissued a “buy” rating and issued a C$26.00 price target on shares of Savaria in a research note on Tuesday, December 14th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of C$24.61.

Savaria Company Profile

Savaria Corporation provides accessibility solutions for the elderly and physically challenged peoples in Canada, the United States, Europe, and internationally. The company operates in three segments: Accessibility, Adapted Vehicles, and Patient Handling. The Accessibility segment designs, manufactures, distributes, and installs accessibility products, such as stairlifts for straight and curved stairs, vertical and inclined wheelchair platform lifts, and elevators for home and commercial use.

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Dividend History for Savaria (TSE:SIS)

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