Laval, Québec, Canada, October 22, 2018 – Savaria Corporation (“Savaria”) (TSX: SIS) one of the global leaders in the accessibility industry, declared on October 22nd a dividend of 3.5 cents ($0.035) per common share, in accordance with its monthly dividend policy, payable on November 14, 2018 to shareholders of record of the Corporation at the close of business on October 31, 2018. This is an eligible dividend within the meaning of the Income Tax Act.
About Savaria Corporation
Savaria Corporation is one of the global leaders in the accessibility industry. It provides accessibility solutions for the physically challenged to increase their comfort, their mobility and their independence. 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, elevators for home and commercial use, as well as ceiling lifts. It also manufactures and markets a comprehensive selection of pressure management products for the medical market, medical beds for the long-term care market, mattress overlays and foam pillows for the retail market and certain products for the industrial market. In addition, Savaria converts and adapts vehicles to be wheelchair accessible. The Corporation records approximately 75% of its revenue outside of Canada, primarily in the United States. It operates a sales network of some 500 dealers worldwide and 28 direct sales offices in North America, Europe (Switzerland, Germany, Italy, Czech Republic and Poland), Australia and China. Savaria employs approximately 1,400 people globally and its plants are located in Canada: Laval and Magog (Québec), Brampton, Beamsville and Toronto (Ontario) and Surrey (British Columbia), in the United States at Greenville (South Carolina), in Huizhou (China) and in Milan (Italy).
For further information:
Hélène Bernier, CPA, CA