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

Savaria Co. (TSE:SIS) declared a monthly dividend on Monday, December 18th, Zacks reports. Investors 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 yield of 1.90%. The ex-dividend date is Friday, December 29th.

Savaria (TSE SIS) traded up C$0.19 during midday trading on Monday, reaching C$18.99. The company had a trading volume of 68,309 shares, compared to its average volume of 76,557. The firm has a market cap of $775.51, a PE ratio of 52.75 and a beta of 0.27. Savaria has a 12 month low of C$10.18 and a 12 month high of C$19.09.

Savaria (TSE:SIS) last announced its earnings results on Wednesday, November 8th. The company reported C$0.11 EPS for the quarter, missing analysts’ consensus estimates of C$0.13 by C($0.02). Savaria had a net margin of 8.58% and a return on equity of 14.53%.

In related news, Director Peter Allen Drutz sold 5,000 shares of the stock in a transaction that occurred 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. Insiders sold 11,000 shares of company stock valued at $192,880 over the last quarter.

SIS has been the subject of a number of research analyst reports. Desjardins increased their target price on Savaria from C$18.50 to C$20.00 in a report on Monday, December 18th. National Bank Financial increased their price target on Savaria from C$17.00 to C$18.50 and gave the company an “outperform” rating in a report on Wednesday, November 15th.

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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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