Savaria Co. Plans Quarterly Dividend of $0.03 (TSE:SIS)

Savaria Co. (TSE:SIS) announced a quarterly dividend on Tuesday, October 24th, Zacks reports. Investors of record on Thursday, November 2nd will be given a dividend of 0.03 per share on Thursday, November 16th. This represents a $0.12 annualized dividend and a yield of 0.79%. The ex-dividend date of this dividend is Wednesday, November 1st.

Shares of Savaria (TSE:SIS) traded down C$0.07 during midday trading on Friday, reaching C$15.13. The company’s stock had a trading volume of 85,760 shares, compared to its average volume of 85,911. Savaria has a 52 week low of C$9.85 and a 52 week high of C$17.55.

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Several brokerages have commented on SIS. Desjardins reaffirmed a “buy” rating and issued a C$16.50 price target on shares of Savaria in a research report on Wednesday, October 18th. Laurentian lowered their price objective on Savaria from C$18.50 to C$17.50 in a research report on Friday, August 11th.

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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