Savaria Co. Announces Monthly Dividend of $0.04 (TSE:SIS)

Savaria Co. (TSE:SISGet Rating) announced a monthly dividend on Wednesday, November 23rd, Zacks reports. Investors of record on Wednesday, November 30th will be given a dividend of 0.043 per share on Friday, December 9th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.43%. The ex-dividend date is Tuesday, November 29th.

Savaria Stock Up 1.0 %

SIS traded up C$0.15 on Thursday, reaching C$15.05. The company’s stock had a trading volume of 8,930 shares, compared to its average volume of 85,162. The stock has a 50 day moving average of C$14.05 and a two-hundred day moving average of C$13.86. The company has a quick ratio of 0.91, a current ratio of 1.93 and a debt-to-equity ratio of 105.70. The company has a market capitalization of C$969.20 million and a price-to-earnings ratio of 38.21. Savaria has a fifty-two week low of C$12.02 and a fifty-two week high of C$19.63.

Analyst Upgrades and Downgrades

Several research firms have issued reports on SIS. TD Securities increased their price objective on Savaria from C$19.00 to C$20.00 and gave the stock a “buy” rating in a research report on Friday, August 12th. Stifel Nicolaus reduced their price objective on Savaria from C$25.00 to C$24.00 in a research note on Friday, October 14th. National Bankshares dropped their target price on Savaria from C$19.50 to C$19.00 and set an “outperform” rating on the stock in a report on Thursday, November 3rd. Finally, Scotiabank lifted their price objective on Savaria from C$16.50 to C$17.50 in a report on Friday, August 12th. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Savaria currently has a consensus rating of “Buy” and an average target price of C$21.67.

Savaria Company Profile

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Savaria Corporation provides accessibility solutions for the elderly and physically challenged people in Canada, the United States, Europe, and internationally. The company operates in three segments: Accessibility, Patient Care, and Adapted Vehicles. The Accessibility segment designs, manufactures, distributes, and installs accessibility products, such as stairlifts for straight and curved stairs, vertical and inclined wheelchair platform lifts for commercial and residential applications, and accessibility and home elevators.

Further Reading

Dividend History for Savaria (TSE:SIS)

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