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.
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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