Savaria declares monthly dividend of $0.045 per share

LAVAL, Quebec - Savaria Corporation (TSX:SIS), a global accessibility equipment manufacturer currently trading at $67.30 with a market capitalization of $698 million, announced Wednesday a monthly dividend of 4.5 cents ($0.045) per common share, payable on August 11, 2025, to shareholders of record as of July 31, 2025. The dividend represents an annual yield of 0.82%.

The dividend qualifies as an eligible dividend under the Income Tax Act, according to the company’s press release statement.

Savaria specializes in accessibility solutions for physically challenged individuals, manufacturing and distributing products including stairlifts, wheelchair lifts, and home elevators. The company also produces pressure management products for medical markets, medical beds for long-term care facilities, and patient handling equipment such as ceiling lifts and slings.

The Quebec-based corporation maintains a global presence with manufacturing facilities across Canada, the United States, Mexico, Europe, and China. Savaria employs approximately 2,500 people worldwide and operates through a network of dealers and direct sales offices in North America, Europe, Australia, and China. With annual revenue of $123.4 million, the company has received a FAIR financial health rating from InvestingPro analysts, who maintain comprehensive coverage of the stock through their detailed Pro Research Reports.

In other recent news, Savaria Corporation announced a monthly dividend of 4.5 cents per common share. This dividend will be payable on June 9, 2025, to shareholders who are on record by May 30, 2025. In a subsequent announcement, the company declared another monthly dividend of the same amount, 4.5 cents per share, to be paid on July 9, 2025, for shareholders on record as of June 30, 2025. These dividends are part of Savaria’s ongoing monthly dividend policy and are classified as eligible dividends under the Income Tax Act. The consistent dividend declarations reflect the company’s commitment to providing regular returns to its shareholders.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.