Savaria Co. (TSE:SIS) shares rose 1.1% during mid-day trading on Tuesday . The company traded as high as C$15.38 and last traded at C$15.29. Approximately 107,110 shares were traded during trading, an increase of 25% from the average daily volume of 86,008 shares. The stock had previously closed at C$15.13.

SIS has been the subject of a number of research reports. Laurentian decreased their price objective on Savaria from C$18.50 to C$17.50 in a report on Friday, August 11th. Desjardins reiterated a “buy” rating and set a C$16.50 price objective on shares of Savaria in a report on Wednesday, October 18th.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 16th. Investors of record on Thursday, November 2nd will be issued a dividend of $0.03 per share. The ex-dividend date is Wednesday, November 1st. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.78%. Savaria’s payout ratio is presently 68.06%.

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About Savaria

Savaria Corporation is a Canada-based company, which offers a range of stairlifts, platform lifts, and residential and commercial elevators. The Company operates through two segments: Accessibility and Adapted Vehicles. The Accessibility segment designs, manufactures, distributes and installs accessibility products, such as stairlifts for both straight and curved stairs, vertical and inclined platform lifts and elevators for home and commercial use.

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