Savaria Corporation's Monthly Dividend Announcement
Savaria Corporation (TSX: SIS), a leader in the accessibility industry, has recently made an exciting announcement regarding its monthly dividend policy. The company declared a dividend of 4.67 cents ($0.0467) per common share, highlighting its dedication to delivering value to its shareholders.
Details of the Dividend Declaration
The dividend will be payable on a scheduled date, specifically to shareholders on record at the close of business leading up to this payment. This consistent approach to dividends reflects Savaria's solid financial performance and commitment to returning capital to its investors.
Understanding Eligible Dividends
This declared dividend qualifies as an eligible dividend under the Income Tax Act, which is an important consideration for investors seeking to maximize their tax efficiency. This classification demonstrates the company’s dedication to compliance and transparency in its financial activities.
About Savaria Corporation
Founded to improve mobility and accessibility, Savaria Corporation provides innovative solutions for individuals with physical challenges. The company's extensive product line includes stairlifts for various applications, vertical and inclined wheelchair lifts, and elevators suited for both home environments and commercial spaces.
Comprehensive Accessibility Solutions
By catering to a wide array of accessibility needs, Savaria aims to enhance the comfort, independence, and mobility of its users. Their offerings extend beyond residential needs to include medical beds and handling equipment, emphasizing their importance in healthcare settings such as long-term care facilities.
Global Operations and Workforce
With a robust network of dealers and direct sales offices across North America, Europe, Australia, and China, Savaria ensures that its products meet the varied needs of customers worldwide. Currently, the company employs approximately 2,500 professionals, showcasing its commitment to providing quality service and expertise in the accessibility field.
Commitment to Innovation
Continuous improvement and innovation are at the heart of Savaria’s mission. The company invests in research and development to enhance its products and solutions, ensuring they remain at the forefront of the accessibility industry.
Contacting Savaria Corporation
For more inquiries or further information about the company and its offerings, interested parties are encouraged to reach out to:
Sébastien Bourassa
President and CEO
1. 800.661.5112
sb@savaria.com
Stephen Reitknecht, CPA, CA
Chief Financial Officer
1.800.661.5112, ext. 3370
sreitknecht@savaria.com
Frequently Asked Questions
What is the dividend amount declared by Savaria Corporation?
The dividend declared is 4.67 cents ($0.0467) per common share.
When will the dividend be paid?
The dividend is scheduled to be payable on a specified date in the upcoming month.
What does it mean for a dividend to be an eligible dividend?
An eligible dividend is a classification under the Income Tax Act that can provide tax advantages to shareholders.
Where can I find Savaria’s products?
Savaria has a presence across North America, Europe, Australia, and China, providing a wide range of accessibility solutions.
How can I contact Savaria Corporation?
You can contact Savaria Corporation through their provided phone numbers and email addresses for any inquiries.
