Dividend Investors Rejoice!
On the 11th of of September 2017, Savaria Corp (FYI: Canadian company that focuses on helping the disabled/elderly gain mobility and have a better quality of life. In other words, they adapt homes, stairs, buildings, vehicles, etc.) announced a MASSIVE dividend increase from $0.26 to $0.36 (38.5%). The dividend was paid on a quarterly basis but will now be paid every month! The company feels very comfortable in projecting continued growth over the next years (and I feel the same way).
Find the source article here, with a word from the CEO.
The company is now yielding 2.77% at the current PPS of $13.00, and the first monthly dividend will be paid mid October.
This also means a 38.5% increase in my dividends, which translates to $61.46 more for a yearly total of $221.04. Every dollar counts towards reaching the yearly goals! This will make noticable difference in my DRIP Updates.
This remains one of my absolute favourite investments. They have been extremely active in the their acquisitions are generating significant cash flows!
Unfortunately, the company does not offer a DRIP. Oh well…
I just wanted to share this with you guys! Exciting! I’m obviously not the only one that’s excited about this, check out the market on the day after:
Image from http://www.savaria.com and from ca.finance.yahoo.com
Money Lover, Dividend Growth Investor, Youtuber, and Blogger!