Savaria Corporation (TSX: SIS), a global leader in the accessibility industry, has announced a 5.36% increase to its monthly dividend, effective for payments beginning October 9, 2026. The board of directors approved raising the monthly dividend to $0.04916 per common share, bringing the annualised dividend to $0.59 per share. The increase reflects confidence in continued profitability and follows reported revenue growth in the company's second quarter of 2026. Investors are watching the move as a signal of financial strength from the Laval, Québec-based manufacturer.

Key Points

  • Savaria Corporation (TSX: SIS) is a global accessibility solutions provider headquartered in Laval, Québec
  • The board approved a monthly dividend increase of $0.03 annually per share, rising to $0.04916 per share monthly
  • The new dividend rate applies to shareholders of record as of September 30, 2026, with first payment on October 9, 2026
  • Investors may be watching Savaria's approximately $40 million in committed 2026 acquisitions and expansion activity

Savaria Board Approves 5.36% Monthly Dividend Hike Effective October 2026

Savaria's board of directors has approved raising the company's monthly common share dividend from the prior rate to $0.04916 per share. On an annualised basis, this represents an increase of three cents, or 5.36%, bringing the total annual dividend to $0.59 per common share. The dividend is designated as an eligible dividend under the Income Tax Act (Canada). Shareholders on record at close of business on September 30, 2026 will receive the increased payment beginning October 9, 2026. The company did not disclose the prior monthly dividend rate in this announcement.

Executive Chair Ties Dividend Growth to Profitability and Balance Sheet Flexibility

Executive Chairman Marcel Bourassa stated the increase reflects Savaria's financial performance in 2025 and the first six months of 2026, as well as confidence in the company's ability to sustain strong profitability. Bourassa noted the company has invested or committed to invest approximately $40 million by year-end 2026 across acquisitions and capital projects. These include the acquisition of Vipal S.p.A. in Italy, an acquisition involving Baxter in Texas, and an expansion of Savaria's manufacturing facility in Greenville, South Carolina. The release states Savaria is also focused on debt repayment while preserving capacity for growth opportunities.

Savaria's Global Accessibility Business Underpins Dividend Sustainability

Savaria designs, manufactures, distributes, and installs a broad range of accessibility equipment, including residential and commercial elevators, stairlifts, vertical and inclined platform lifts, and patient-handling solutions. The company operates direct sales offices across North America, Europe, and Australia, and serves distributors worldwide. Savaria employs approximately 2,550 people globally, with manufacturing facilities in Canada, the United States, Mexico, Europe, and China. The company's second-quarter 2026 results, disclosed separately in August 2026, reported 8.4% revenue growth and continued margin expansion.