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

Savaria Co. (TSE:SIS) announced a monthly dividend on Friday, August 23rd, Zacks reports. Stockholders of record on Friday, August 30th will be given a dividend of 0.043 per share on Friday, September 6th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.59%. The ex-dividend date is Friday, August 30th.

Savaria Trading Up 1.7 %

Shares of TSE SIS opened at C$19.93 on Friday. The stock has a market cap of C$1.42 billion, a P/E ratio of 30.66, a price-to-earnings-growth ratio of 42.72 and a beta of 0.90. The company has a debt-to-equity ratio of 56.50, a current ratio of 1.94 and a quick ratio of 0.91. Savaria has a 1 year low of C$12.21 and a 1 year high of C$19.93. The firm has a 50-day moving average of C$18.74 and a 200 day moving average of C$17.58.

Insider Activity at Savaria

In related news, Director Peter Allen Drutz sold 4,000 shares of Savaria stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of C$18.10, for a total value of C$72,400.00. 20.32% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of brokerages have recently commented on SIS. Desjardins boosted their price target on Savaria from C$23.50 to C$24.00 and gave the stock a “buy” rating in a research report on Tuesday, July 30th. National Bankshares increased their target price on Savaria from C$21.00 to C$22.00 in a research note on Thursday, August 8th. Stifel Nicolaus raised their price target on Savaria from C$24.00 to C$25.00 and gave the company a “buy” rating in a report on Tuesday. Scotiabank upped their price target on shares of Savaria from C$21.50 to C$22.00 in a research note on Friday, May 10th. Finally, TD Securities increased their price objective on shares of Savaria from C$23.00 to C$24.00 and gave the company a “buy” rating in a research report on Thursday, August 8th. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of C$23.29.

Savaria Company Profile

Savaria Corporation provides accessibility solutions for the elderly and physically challenged people in Canada, the United States, Europe, and internationally. The company operates in two segments, Accessibility and Patient Care. The Accessibility segment designs, manufactures, distributes, and installs a portfolio of accessibility products, including commercial and home elevators, stairlifts, platform lifts, and wheelchair lowered-floor accessible conversions for selected brands of minivans, personal, residential, or commercial applications.