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LAVAL, Québec - Savaria Corporation (TSX: SIS), a company specializing in the accessibility industry, has announced a monthly dividend of $0.045 per common share today. Currently trading at $66.42, the stock offers a dividend yield of 0.82%. The dividend is set to be paid on May 9, 2025, to shareholders who are on record by the close of business on April 30, 2025. The declared dividend is in line with the company’s monthly dividend policy and is considered an eligible dividend under the Income Tax Act. According to InvestingPro, the company maintains a healthy current ratio of 6.33, indicating strong liquidity.
Savaria Corporation is known for providing a wide range of accessibility solutions aimed at improving the comfort, mobility, and independence of individuals with physical challenges. With a market capitalization of $689 million and an impressive gross profit margin of 54.88%, the company demonstrates strong operational efficiency. The company’s extensive product portfolio includes stairlifts, vertical and inclined wheelchair lifts, and elevators for both residential and commercial applications. Additionally, Savaria manufactures pressure management products for the medical market, medical beds for long-term care facilities, and various medical equipment for patient handling, such as ceiling lifts and slings.
With a global operational footprint, Savaria operates manufacturing plants across Canada, the United States, Mexico, Europe, and China, employing approximately 2,500 people worldwide. The company maintains a robust sales network through dealers globally and direct sales offices in North America, Europe, Australia, and China. InvestingPro analysis indicates the company is currently trading above its Fair Value, with an overall Financial Health score of FAIR. Get detailed insights and 12 additional ProTips with an InvestingPro subscription.
This announcement is based on a press release statement from Savaria Corporation.
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