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

Savaria Co. (TSE:SISGet Rating) declared a monthly dividend on Monday, May 16th, Zacks reports. Investors of record on Tuesday, May 31st will be given a dividend of 0.042 per share on Friday, June 10th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 3.52%. The ex-dividend date of this dividend is Monday, May 30th.

SIS opened at C$14.31 on Friday. The company has a debt-to-equity ratio of 98.19, a current ratio of 1.84 and a quick ratio of 0.90. The company’s 50-day moving average is C$15.82 and its 200 day moving average is C$17.56. Savaria has a fifty-two week low of C$12.73 and a fifty-two week high of C$22.63. The firm has a market capitalization of C$920.51 million and a P/E ratio of 70.49.

Savaria (TSE:SISGet Rating) last announced its quarterly earnings data on Wednesday, March 23rd. The company reported C$0.10 EPS for the quarter, missing the consensus estimate of C$0.23 by C($0.13). The business had revenue of C$189.53 million for the quarter, compared to analyst estimates of C$182.35 million. On average, equities research analysts expect that Savaria will post 0.9 earnings per share for the current year.

Several brokerages have commented on SIS. National Bank Financial lowered their price objective on shares of Savaria from C$24.50 to C$23.50 and set an “outperform” rating on the stock in a research report on Friday, March 25th. Scotiabank lowered their price objective on shares of Savaria from C$23.00 to C$21.00 in a research report on Wednesday, April 27th. National Bankshares lowered their price objective on shares of Savaria from C$23.00 to C$22.00 and set an “outperform” rating on the stock in a research report on Thursday, May 12th. TD Securities lowered their price objective on shares of Savaria from C$22.00 to C$19.00 and set a “buy” rating on the stock in a research report on Friday, May 13th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a C$25.00 price target on shares of Savaria in a research report on Thursday, April 14th. Six research analysts have rated the stock with a buy rating, According to MarketBeat, Savaria presently has an average rating of “Buy” and an average target price of C$23.28.

In related news, Director Jean-Louis Chapdelaine sold 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 30th. The shares were sold at an average price of C$17.48, for a total transaction of C$437,075.00. Following the completion of the transaction, the director now owns 125,000 shares of the company’s stock, valued at C$2,185,375.

About Savaria (Get Rating)

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.

See Also

Dividend History for Savaria (TSE:SIS)

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