Savaria Corporation
TSX : SIS

Savaria Corporation

February 05, 2016 09:54 ET

Savaria Declares its Quarterly Dividend

LAVAL, QUEBEC--(Marketwired - Feb. 5, 2016) - Savaria Corporation (TSX:SIS), one of the North America's leaders in the accessibility industry, declared today a dividend of 5 cents ($0.05) per common share, in accordance with its quarterly dividend policy, payable on March 1, 2016 to shareholders of record of the Corporation at the close of business on February 16, 2016. This is an eligible dividend within the meaning of the Income Tax Act.

Savaria Corporation (savaria.com) is one of the North America's leaders in the accessibility industry focused on meeting the needs of people with mobility challenges. Savaria designs, manufactures, distributes and installs primarily elevators for home and commercial use, as well as stairlifts and vertical and inclined platform lifts. With the acquisition of Silver Cross, the Corporation now operates a lead generation program to capture and distribute leads on potential customers to close to 100 affiliates in North America; also, it is a franchisor of stores through which new and recycled accessibility equipment is sold. In addition, Savaria converts and adapts minivans to be wheelchair accessible. The diversity of its product line, one of the world's most comprehensive, enables the Corporation to stand out by proposing an integrated and customized solution for its customers' mobility needs. Its operations in China have substantially grown and the collaboration with Savaria's other Canadian facilities increases its competitive edge in the market place. The Corporation records more than 60% of its revenue outside Canada, primarily in the United States. It operates a sales network of some 400 active retailers and affiliates in North America and employs some 430 people at its head office in Laval and at its plants and sales offices in Montreal (Quebec), Brampton and London (Ontario), Calgary (Alberta) and Huizhou (China).

Contact Information