Savaria Corporation Announces Upcoming Monthly Dividend in 2024

Savaria Corporation Announces Monthly Dividend

Savaria Corporation, a frontrunner in the accessibility industry, has announced an important step for its shareholders. The company, known for its innovative solutions to enhance mobility and comfort for those physically challenged, has declared a monthly dividend of 4.5 cents, which is approximately $0.045 per common share.

Dividend Details

This monthly dividend reflects the company’s strong financial position and commitment to returning value to its shareholders. It is scheduled to be payable on a specified date to shareholders who are on record by the end of the business day before that date. This eligible dividend aligns with the provisions under the Income Tax Act, showcasing Savaria's dedication to following best practices in financial transparency and shareholder engagement.

About Savaria Corporation

Leader in Accessibility Solutions

Founded with a mission to transform lives through enhanced mobility, Savaria Corporation plays a pivotal role in the accessibility sector. By offering a wide range of products, including stairlifts designed for both straight and curved stairs, vertical and inclined wheelchair lifts, and various elevators, Savaria ensures that users can navigate their environments with ease and dignity.

Product Innovation and Market Reach

Not only does Savaria provide essential mobility solutions, but it also manufactures medical products, including pressure management systems and medical beds catered to long-term care facilities. The company invests in innovative technology to create equipment that enhances patient handling safety, including ceiling lifts and specialized slings. This comprehensive product offering positions Savaria as a trusted ally in the healthcare and accessibility markets.

Global Operations and Workforce

With a sales network that spans across continents, Savaria operates in multiple regions including North America, Europe, Australia, and China. This extensive geographical reach ensures that their quality products can serve a diverse customer base, enhancing independence and mobility for individuals globally. The dedicated workforce of approximately 2,400 employees is instrumental in driving the company's mission forward, bolstering growth while maintaining high standards of service.

Commitment to Community and Stakeholders

Throughout its history, Savaria Corporation has maintained a strong commitment to its community and stakeholders. The monthly dividend declaration not only highlights their robust financial health but also reflects their ongoing dedication to shareholders' interests. By consistently investing in product development and customer relations, Savaria continues to enhance the quality of life for many people.

Frequently Asked Questions

What is the amount of the newly declared dividend by Savaria Corporation?

Savaria Corporation has declared a dividend of 4.5 cents ($0.045) per common share.

When will shareholders receive the dividend?

The dividend is scheduled to be payable on a specific date to shareholders who are on record at the close of business shortly before that date.

What type of products does Savaria Corporation manufacture?

Savaria offers a wide range of accessibility products including stairlifts, wheelchair lifts, elevators, and medical solutions for patient handling.

How many employees does Savaria Corporation have globally?

Savaria Corporation has a workforce of approximately 2,400 employees worldwide.

Where does Savaria Corporation operate its services?

Savaria operates in North America, Europe, Australia, and China, providing accessibility solutions to various markets.

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