Laval, Quebec, February 3, 2017 – Savaria Corporation (TSX: SIS), one of the North America’s leaders in the accessibility industry, declared on February 2nd a dividend of 6.5 cents ($0.065) per common share, in accordance with its quarterly dividend policy, payable on February 27, 2017 to shareholders of record of the Corporation at the close of business on February 13, 2017. This is an eligible dividend within the meaning of the Income Tax Act.
Savaria Corporation (savaria.com) is one of North America’s leaders in the accessibility industry. It provides accessibility solutions for the elderly and physically challenged to increase their mobility and independence. The diversity of its product line is one of the most comprehensive on the market. Savaria designs, manufactures, distributes and installs accessibility equipment, such as stairlifts for straight and curved stairs, vertical and inclined wheelchair lifts, as well as elevators for home and commercial use. In addition, it converts and adapts vehicles to be wheelchair accessible. It also operates a network of franchisees and corporate stores through which new and recycled accessibility equipment is sold and, in certain locations, vehicle conversions are performed. Savaria operates a plant located in Huizhou (China) which increases its competitive edge. Savaria records close to 60% of its revenue outside Canada, primarily in the United States. It operates a sales network of some 400 retailers and affiliates in North America and employs some 500 people. Its principal places of business are located in Laval (Quebec), Brampton (Ontario) and Huizhou (China).
For further information:
Hélène Bernier, CPA, CA