Savaria Co. (TSE:SIS) Plans Monthly Dividend of $0.04

Savaria Co. (TSE:SIS) declared a monthly dividend on Tuesday, November 23rd, Zacks reports. Shareholders of record on Tuesday, November 30th will be given a dividend of 0.042 per share on Friday, December 10th. This represents a $0.50 annualized dividend and a yield of 2.60%. The ex-dividend date is Monday, November 29th.

TSE:SIS opened at C$19.39 on Thursday. The company has a quick ratio of 1.05, a current ratio of 1.94 and a debt-to-equity ratio of 94.56. The firm has a market cap of C$1.25 billion and a price-to-earnings ratio of 40.56. The company has a 50-day moving average price of C$20.57. Savaria has a 1-year low of C$13.37 and a 1-year high of C$22.63.

SIS has been the topic of several recent analyst reports. Scotiabank decreased their target price on shares of Savaria from C$23.50 to C$23.00 in a report on Thursday, October 7th. Laurentian boosted their target price on shares of Savaria from C$22.00 to C$24.00 in a report on Friday, August 13th. TD Securities boosted their target price on shares of Savaria from C$25.00 to C$26.00 and gave the company a “buy” rating in a report on Friday, August 13th. National Bank Financial boosted their target price on shares of Savaria to C$24.50 and gave the company an “outperform” rating in a report on Thursday, August 12th. Finally, Laurentian Bank of Canada boosted their target price on shares of Savaria from C$22.00 to C$24.00 in a report on Friday, August 13th. Four equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Savaria has a consensus rating of “Buy” and an average target price of C$24.44.

In other news, Director Sylvain Dumoulin sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, September 16th. The shares were sold at an average price of C$22.50, for a total value of C$112,500.00. Following the sale, the director now directly owns 85,000 shares of the company’s stock, valued at approximately C$1,912,500.

About Savaria

Savaria Corporation provides accessibility solutions for the elderly and physically challenged peoples in Canada, the United States, Europe, and internationally. The company operates in three segments: Accessibility, Adapted Vehicles, and Patient Handling. The Accessibility segment designs, manufactures, distributes, and installs accessibility products, such as stairlifts for straight and curved stairs, vertical and inclined wheelchair platform lifts, and elevators for home and commercial use.

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Dividend History for Savaria (TSE:SIS)

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