Savaria Co. (SIS) to Issue Monthly Dividend of $0.05 on October 9th

Savaria Co. (TSE:SIS) announced a monthly dividend on Thursday, September 12th, Zacks reports. Investors of record on Monday, September 30th will be given a dividend of 0.045 per share on Wednesday, October 9th. This represents a $0.54 annualized dividend and a yield of ∞. The ex-dividend date is Monday, September 30th. This is a boost from Savaria’s previous monthly dividend of $0.04.

Savaria Stock Performance

Savaria has a 12-month low of C$12.21 and a 12-month high of C$20.99. The firm has a market cap of C$1.49 billion, a price-to-earnings ratio of 32.00, a PEG ratio of 42.72 and a beta of 0.89. The stock’s 50-day simple moving average is C$19.34 and its two-hundred day simple moving average is C$17.92. The company has a quick ratio of 0.91, a current ratio of 1.94 and a debt-to-equity ratio of 56.50.

Savaria (TSE:SIS) last released its quarterly earnings results on Wednesday, August 7th. The company reported C$0.22 EPS for the quarter, topping analysts’ consensus estimates of C$0.20 by C$0.02. The company had revenue of C$221.34 million for the quarter, compared to the consensus estimate of C$213.08 million. Savaria had a net margin of 5.25% and a return on equity of 8.95%. Equities research analysts predict that Savaria will post 1.1754488 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently commented on the stock. TD Securities boosted their target price on shares of Savaria from C$23.00 to C$24.00 and gave the stock a “buy” rating in a report on Thursday, August 8th. Desjardins upped their price target on Savaria from C$23.50 to C$24.00 and gave the company a “buy” rating in a report on Tuesday, July 30th. National Bankshares raised their price objective on Savaria from C$21.00 to C$22.00 in a research note on Thursday, August 8th. Stifel Nicolaus lifted their target price on Savaria from C$24.00 to C$25.00 and gave the stock a “buy” rating in a report on Tuesday, August 20th. Finally, Raymond James upped their target price on Savaria from C$25.00 to C$27.50 and gave the company an “outperform” rating in a report on Friday. Six analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of C$24.07.

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.