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LAVAL, Québec - Savaria Corporation (TSX: SIS), a company specializing in accessibility solutions currently trading at $65.29, announced a monthly dividend of 4.5 cents ($0.045) per common share on Thursday. The dividend, yielding 0.82% annually, is payable on June 9, 2025, to shareholders on record as of May 30, 2025. According to InvestingPro, the company maintains strong dividend sustainability metrics.
The declared dividend aligns with the company’s established monthly dividend policy and is considered an eligible dividend under the Income Tax Act. Savaria, with a market capitalization of $674.79 million, has a diverse product portfolio that includes stairlifts, wheelchair lifts, elevators, and medical equipment aimed at enhancing mobility and independence for the physically challenged. The company maintains a healthy gross profit margin of 53.64% and a strong current ratio of 4.37.
With a global operational footprint, Savaria maintains a network of dealers and direct sales offices across North America, Europe, Australia, and China. The corporation employs around 2,500 people worldwide, with manufacturing facilities in Canada, the United States, Mexico, Europe, and China.
This announcement is based on a press release statement from Savaria Corporation.
In other recent news, Savaria Corporation has declared a monthly dividend of $0.045 per common share. This dividend will be paid on May 9, 2025, to shareholders who are recorded by the close of business on April 30, 2025. The dividend aligns with Savaria’s ongoing monthly dividend policy and is classified as an eligible dividend under the Income Tax Act. This announcement reflects the company’s commitment to providing consistent returns to its shareholders. Savaria operates on a global scale, with manufacturing plants in Canada, the United States, Mexico, Europe, and China, employing approximately 2,500 individuals worldwide. The company maintains a broad sales network through dealers and direct sales offices in North America, Europe, Australia, and China. These developments highlight Savaria’s continued efforts to support shareholder value through regular dividend distributions.
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