Savaria Corporation Announces Exciting Monthly Dividend
Savaria Corporation Announces Monthly Dividend
In a recent announcement, Savaria Corporation (TSX: SIS), a recognized leader in accessibility solutions, declared a dividend of 4.5 cents ($0.045) per common share. This dividend reflects the company’s dedication to providing value to its shareholders, consistent with its monthly dividend policy.
Details of the Dividend Declaration
The dividend will be payable on January 10 to shareholders of record at the close of business on December 31 of the preceding year. Designed to benefit shareholders, this eligible dividend aligns with Canadian tax regulations regarding income distribution.
Who is Savaria Corporation?
Savaria Corporation is a trailblazer in the accessibility industry, dedicated to enhancing the lives of individuals with physical challenges. The company offers a broad spectrum of products and services that cater to various needs, making it a one-stop solution for accessibility.
Product Offerings
From stairlifts and wheelchair lifts to elevators suitable for both home and commercial use, Savaria’s products ensure mobility solutions are available to everyone. The company also manufactures pressure management products and medical equipment tailored for safe handling of patients.
Global Presence
With approximately 2,400 employees and manufacturing operations across Canada, the United States, Mexico, Europe, and China, Savaria's influence extends worldwide. Its robust dealer network and direct sales offices in regions like North America and Europe ensure that accessibility solutions reach a diverse clientele, promoting independence and comfort.
Leadership and Vision
Sébastien Bourassa, President and CEO, and Stephen Reitknecht, Chief Financial Officer, play vital roles in steering the company towards new growth opportunities. Their leadership inspires confidence among shareholders, who appreciate the reliable dividend commitments and the strategic moves that keep Savaria ahead in the accessibility sector.
Future Growth Strategies
To further strengthen its market position, Savaria continues to innovate and expand its product range. This dedication to enhancement and quality not only enriches its offerings but also ensures that the needs of individuals requiring accessibility solutions are met with utmost professionalism and care.
Frequently Asked Questions
What is the recent dividend declared by Savaria Corporation?
Savaria Corporation has declared a monthly dividend of 4.5 cents ($0.045) per common share.
When will the dividend be paid out?
The dividend will be payable on January 10 to shareholders recorded as of December 31.
What types of products does Savaria Corporation offer?
Savaria offers a range of products including stairlifts, wheelchair lifts, elevators, and pressure management products designed for the medically challenged.
How many employees does Savaria Corporation have?
Savaria employs approximately 2,400 people globally, indicating its expansive operations and commitment to the accessibility sector.
Who leads Savaria Corporation?
The company is led by Sébastien Bourassa, who is the President and CEO, and Stephen Reitknecht, the Chief Financial Officer.
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