Savaria Co. (SIS) to Issue Monthly Dividend of $0.04 on October 8th

Savaria Co. (TSE:SIS) announced a monthly dividend on Thursday, September 16th, Zacks reports. Investors of record on Thursday, September 30th will be paid a dividend of 0.042 per share on Friday, October 8th. This represents a $0.50 annualized dividend and a dividend yield of 2.25%. The ex-dividend date is Tuesday, September 28th. This is a positive change from Savaria’s previous monthly dividend of $0.04.

Shares of Savaria stock opened at C$22.42 on Friday. The company has a market cap of C$1.44 billion and a P/E ratio of 46.42. The company has a debt-to-equity ratio of 93.89, a quick ratio of 1.09 and a current ratio of 1.83. Savaria has a one year low of C$13.04 and a one year high of C$22.63. The firm has a fifty day moving average of C$21.02 and a two-hundred day moving average of C$19.52.

In other news, Director Peter Allen Drutz sold 6,000 shares of the stock in a transaction that occurred on Tuesday, August 24th. The shares were sold at an average price of C$20.90, for a total value of C$125,400.00. Following the sale, the director now directly owns 110,364 shares in the company, valued at C$2,306,607.60. Also, Director Sylvain Dumoulin sold 5,000 shares of the company’s stock in a transaction 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 completion of the sale, the director now owns 85,000 shares in the company, valued at C$1,912,500. Insiders sold a total of 17,000 shares of company stock worth $363,300 over the last quarter.

Several research analysts recently issued reports on the stock. Laurentian raised their price objective on shares of Savaria from C$22.00 to C$24.00 in a research report on Friday, August 13th. Laurentian Bank of Canada upped their price objective on Savaria from C$22.00 to C$24.00 in a report on Friday, August 13th. Scotiabank raised their target price on Savaria from C$22.00 to C$23.50 in a report on Friday, June 4th. National Bank Financial boosted their target price on shares of Savaria to C$24.50 and gave the stock an “outperform” rating in a research report on Thursday, August 12th. Finally, National Bankshares raised their price objective on shares of Savaria from C$20.50 to C$24.00 and gave the company an “outperform” rating in a research note on Wednesday, July 14th. Four investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of C$24.50.

Savaria Company Profile

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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