Savaria Corporation Outlines Exciting Dividend Announcement

Savaria Corporation Announces Monthly Dividend Payment

Savaria Corporation, a renowned name in the accessibility sector, has declared a monthly dividend of 4.5 cents per common share. This announcement reflects the company's commitment to rewarding its shareholders consistently as part of its dividend policy.

The Key Dividend Details

The upcoming dividend, which amounts to $0.045 per share, is set to be payable to shareholders on January 10. Investors who hold shares at the close of business on December 31 will be eligible to receive this dividend. Significantly, this distribution qualifies as an eligible dividend according to tax regulations, providing potential tax benefits to eligible shareholders.

Understanding Savaria’s Commitment to Accessibility

Savaria Corporation stands as a leader in the field of accessibility solutions, catering to the needs of individuals with physical challenges. The company is focused on enhancing comfort, mobility, and independence for its clients. Leveraging a comprehensive product line, Savaria produces a variety of accessibility equipment, including stairlifts, wheelchair lifts, and elevators suitable for both home and commercial applications.

Innovative Solutions Offered by Savaria

In addition to mobility equipment, Savaria also specializes in pressure management products targeted at the medical sector. Their offerings extend to medical beds for long-term care and a range of equipment designed for the safe handling of patients, such as ceiling lifts and slings. This positions Savaria as not only a provider of mobility solutions but also a key player in the healthcare equipment space.

Global Operations and Workforce

With a workforce of approximately 2,400 employees, Savaria operates a diverse production network. The company has manufacturing facilities located across Canada, the United States, Mexico, Europe, and China. Savaria’s dedicated sales network, which includes dealers and direct sales offices, spans across many international markets, including North America and Europe, ensuring that their innovative solutions are accessible to a wide range of customers.

Leadership at Savaria

Steering the company is a leadership team dedicated to fulfilling the company’s mission. Sébastien Bourassa, who serves as the President and CEO, emphasizes the importance of innovation and customer service in navigating today’s competitive landscape.

Contact Information for Inquiries

For further inquiries about Savaria's products or corporate matters, interested parties can reach out to:

Sébastien Bourassa
President and CEO
Phone: 1.800.661.5112
Email: sb@savaria.com

Stephen Reitknecht, CPA, CA
Chief Financial Officer
Phone: 1.800.661.5112, ext. 3370
Email: sreitknecht@savaria.com

Frequently Asked Questions

What is the amount of the declared monthly dividend?

The declared monthly dividend by Savaria Corporation is 4.5 cents ($0.045) per common share.

When will the dividend be paid out?

The dividend will be payable on January 10, with shareholders needing to hold shares by December 31 to qualify.

What products does Savaria manufacture?

Savaria manufactures a wide range of accessibility equipment, including stairlifts, wheelchair lifts, and medical beds, enhancing mobility for those in need.

Where does Savaria operate its facilities?

Savaria has manufacturing plants across Canada, the US, Mexico, Europe, and China, ensuring a global footprint in the accessibility industry.

Who can shareholders contact for more information?

Shareholders can contact Sébastien Bourassa, the President and CEO, or Stephen Reitknecht, the Chief Financial Officer, for further inquiries regarding company matters.

About Investors Hangout

Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/

Disclaimer: The content of this article is solely for general informational purposes only; it does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice; the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. The author's interpretation of publicly available data shapes the opinions presented here; as a result, they should not be taken as advice to purchase, sell, or hold any securities mentioned or any other investments. The author does not guarantee the accuracy, completeness, or timeliness of any material, providing it "as is." Information and market conditions may change; past performance is not indicative of future outcomes. If any of the material offered here is inaccurate, please contact us for corrections.