Laval, Québec, Canada, February 3, 2020 – Savaria Corporation (“Savaria”) (TSX: SIS), one of the global leaders in the accessibility industry, is pleased to announce that effective today, Savaria has been added to the S&P/TSX Canadian Dividend Aristocrats Index.
A word from the President
“I am very proud to be included among this select group of Canadian companies. The addition of Savaria to the S&P/TSX Canadian Dividend Aristocrats Index is a significant milestone for our company, and a testament to the long track record of strong financial performance we have achieved. Moreover, over the past five years, Savaria has increased its dividend by an average of 24.5% per year, from $0.035 per quarter in 2014, to a monthly dividend of $0.0383 today,” declared Marcel Bourassa, President and Chief Executive Officer of Savaria.
“Savaria continues to benefit from an aging population and attractive industry dynamics, and we remain dedicated to delivering solid financial results to our shareholders,” concluded Mr. Bourassa.
About Savaria Corporation
Savaria Corporation (savaria.com) 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 and elevators for home and commercial use. It also manufactures and markets a comprehensive selection of pressure management products for the medical market, medical beds for the long-term care market, as well as an extensive line of medical equipment and solutions for the safe handling of patients. In addition, Savaria converts and adapts vehicles to be wheelchair accessible. The Corporation operates a sales network of dealers worldwide and direct sales offices in North America, Europe (Switzerland, Germany, Italy, Czech Republic, Poland and United Kingdom), Australia and China. Savaria employs approximately 1,500 people globally and its plants are located across Canada in Laval and Magog (Québec), Brampton, Beamsville and Toronto (Ontario) and Surrey (British Columbia), in the United States at Greenville (South Carolina), in Huizhou (China), in Milan (Italy) and in Newton Abbot (UK).