Savaria Co. Declares Monthly Dividend of $0.03 (SIS)
Savaria Co. (TSE:SIS) announced a monthly dividend on Monday, December 18th, Zacks reports. Shareholders of record on Tuesday, January 2nd will be given a dividend of 0.03 per share on Tuesday, January 16th. This represents a $0.36 dividend on an annualized basis and a yield of 2.02%. The ex-dividend date is Friday, December 29th.
Shares of Savaria (SIS) opened at C$17.86 on Friday. Savaria has a 12 month low of C$10.18 and a 12 month high of C$18.47. The company has a market capitalization of $739.54, a PE ratio of 49.61 and a beta of 0.27.
In other news, Director Peter Allen Drutz sold 5,000 shares of the stock in a transaction dated Friday, December 1st. The stock was sold at an average price of C$17.81, for a total value of C$89,050.00. Insiders sold 11,000 shares of company stock worth $192,880 over the last three months.
SIS has been the subject of a number of research analyst reports. Desjardins increased their price target on Savaria from C$18.50 to C$20.00 in a research note on Monday, December 18th. National Bank Financial increased their price objective on Savaria from C$17.00 to C$18.50 and gave the company an “outperform” rating in a report on Wednesday, November 15th.
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Savaria Corporation operates in the accessibility industry in Canada, the United States, and internationally. The company operates in two segments, Accessibility and Adapted Vehicles. The Accessibility segment designs, manufactures, distributes, and installs accessibility products, such as stairlifts for straight and curved stairs; vertical and inclined wheelchair lifts; elevators for home and commercial use; and patient lifts.
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