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Savaria Announces Monthly Dividend Declaration

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Savaria Announces Monthly Dividend Declaration

Savaria Corporation, a global leader in the accessibility industry, has declared a monthly dividend of 4.33 cents ($0.0433) per common share. This dividend is in accordance with Savaria's monthly dividend policy and will be payable on September 8, 2023, to shareholders of record as of August 31, 2023. The dividend is considered an eligible dividend under the Income Tax Act.

About Savaria Corporation

Savaria Corporation specializes in providing accessibility solutions to enhance the comfort, mobility, and independence of individuals with physical challenges. Their comprehensive product line includes stairlifts, wheelchair lifts, elevators, pressure management products, medical beds, and medical equipment for patient handling. Savaria also converts and adapts vehicles for personal and commercial use. With a global presence, Savaria operates a network of dealers worldwide and direct sales offices across North America, Europe, Australia, and China. The company employs approximately 2,250 people and has manufacturing facilities in Canada, the United States, Mexico, Europe, and China. In conclusion, Savaria's monthly dividend declaration reflects the company's commitment to providing value to its shareholders while continuing to lead in the accessibility industry.

Impact of Savaria's Monthly Dividend Declaration on New Businesses

The recent announcement by Savaria Corporation, a global leader in the accessibility industry, about their monthly dividend declaration, sends a powerful message to new businesses. This move not only demonstrates Savaria's commitment to providing value to its shareholders but also highlights their strong financial position in the industry.

Financial Stability and Shareholder Value

For new businesses, this serves as a reminder of the importance of financial stability and the role it plays in building shareholder trust. Savaria's ability to declare a monthly dividend indicates a robust financial performance and a sustainable business model - two aspects that new businesses should strive to achieve.
Leading in the Accessibility Industry
Moreover, Savaria's continued leadership in the accessibility industry is a testament to their innovative solutions and global presence. This serves as an inspiration for new businesses, emphasizing the importance of innovation, global expansion, and catering to a diverse set of needs in achieving industry leadership. In conclusion, Savaria's monthly dividend declaration offers valuable insights for new businesses, underscoring the significance of financial stability, shareholder value, and industry leadership in business success.
Story First Published at: https://financialpost.com/globe-newswire/savaria-declares-monthly-dividend-38
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