Savaria Corporation's Monthly Dividend Announcement Details
Savaria Corporation's Monthly Dividend Announcement
Savaria Corporation (TSX: SIS), a leader in accessibility solutions, recently announced a monthly dividend of 4.5 cents ($0.045) per share. This decision reinforces the company’s commitment to returning value to its shareholders.
Details of the Dividend Declaration
The dividend will be payable to shareholders on June 9, with a record date of May 30. It qualifies as an eligible dividend under the Income Tax Act, making it attractive for investors looking for reliable income streams.
About Savaria Corporation
Savaria Corporation is renowned globally for its innovative accessibility solutions, aimed at enhancing the quality of life for individuals with mobility challenges. The company offers a wide array of products designed to cater to the physically challenged, ensuring their mobility and independence.
Product Offerings
Among Savaria's comprehensive product line are stairlifts for both straight and curved stairs, wheelchair lifts, and elevators suitable for residential and commercial settings. They also manufacture medical beds for long-term care facilities and various pressure management products to address medical needs. Each product is designed with the end-user in mind, prioritizing comfort and safety.
Global Presence and Workforce
The firm operates through a vast network of dealers and direct sales offices in North America, Europe, Australia, and China. This international reach underscores its capacity to meet the diverse needs of customers globally, employing approximately 2,500 workers across multiple manufacturing plants located in various countries including Canada, the United States, Mexico, and Europe.
Management Contact Information
For further inquiries regarding the company's financial health or operational strategies, key contacts are available:
Sébastien Bourassa, President and CEO
Contact: 1.800.661.5112
Email: sb@savaria.com
Stephen Reitknecht, CPA, CA, Chief Financial Officer
Contact: 1.800.661.5112, ext. 3370
Email: sreitknecht@savaria.com
Frequently Asked Questions
What is the amount of the declared dividend by Savaria Corporation?
The declared dividend is 4.5 cents ($0.045) per common share.
When is the dividend payment date for Savaria Corporation?
The dividend is set to be paid on June 9.
Which stock exchange is Savaria Corporation listed on?
Savaria Corporation is traded on the Toronto Stock Exchange under the ticker TSX: SIS.
What types of products does Savaria Corporation provide?
The company provides accessibility products including stairlifts, wheelchair lifts, elevators, and medical beds.
How many employees does Savaria Corporation have?
Savaria employs approximately 2,500 people globally, showcasing its significant operational scale.
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