Savaria Corporation Declares Monthly Dividend
Savaria Corporation (“Savaria”) (TSX: SIS), a global leader in the accessibility industry, has declared a dividend of 4.33 cents ($0.0433) per common share, fulfilling its commitment to its monthly dividend policy. This dividend is scheduled for payment, with the date set for September 6, 2024, to shareholders recorded as of the close of business on August 30, 2024. Furthermore, it is noted that this dividend qualifies as an eligible dividend as defined within the Income Tax Act.
About Savaria Corporation
Savaria Corporation is recognized globally for its advanced accessibility solutions aimed at enhancing the quality of life for individuals with physical challenges. Committed to increasing comfort, mobility, and independence, Savaria boasts one of the most extensive product lines in the accessibility market. The company is engaged in the design, manufacturing, distribution, and installation of a wide array of accessibility equipment. Its offerings include stairlifts customized for both straight and curved stairs, vertical and inclined wheelchair lifts, as well as elevators meant for both residential and commercial settings.
Range of Products and Services
Aside from accessibility devices, Savaria also provides a comprehensive suite of pressure management products targeted at the medical market, including specialized medical beds for long-term care facilities. Moreover, the company offers a variety of medical equipment designed for the safe handling of patients, such as ceiling lifts and slings. This wide-ranging portfolio sets Savaria apart in the accessibility sector.
Global Operations and Workforce
Savaria operates a robust sales network comprised of dealers spread across numerous countries. The company maintains direct sales offices in North America and several European nations including the UK, The Netherlands, Switzerland, Italy, Germany, Poland, and the Czech Republic. Additionally, it has expanded its reach into markets like Australia and China. Currently, Savaria employs approximately 2,400 individuals globally, indicating its significant presence in the industry.
Management and Contact Information
For further information related to Savaria Corporation and its operations, the following management contacts are available:
Leadership Team
Sébastien Bourassa serves as the President and CEO. He can be reached at 1.800.661.5112 or via email at sb@savaria.com. Alongside him, Stephen Reitknecht, who holds the position of Chief Financial Officer, is also available for inquiries. He can be contacted at 1.800.661.5112, ext. 3370, or by email at sreitknecht@savaria.com.
Frequently Asked Questions
What is the dividend declared by Savaria Corporation?
Savaria Corporation declared a monthly dividend of 4.33 cents ($0.0433) per common share.
When is the dividend payment date?
The dividend payment is scheduled for September 6, 2024.
Who are the key executives at Savaria Corporation?
The President and CEO is Sébastien Bourassa, and the Chief Financial Officer is Stephen Reitknecht.
What type of products does Savaria manufacture?
Savaria manufactures a wide range of accessibility equipment, including stairlifts, wheelchair lifts, medical beds, and patient handling solutions.
How many employees does Savaria have?
Savaria employs approximately 2,400 people globally.
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