Published on may 7th, 2026 by Felix Martinez
Companies that pay monthly dividends can help investors secure consistent cash flows, providing income more regularly than companies that pay quarterly or annually.
That said, just 119 companies currently offer monthly dividend payments, which can severely limit an investor’s options. You can see all 119 monthly dividend-paying names here.
You can download our full Excel spreadsheet of all monthly dividend stocks (along with metrics that matter, like dividend yield and payout ratio) by clicking on the link below:
One name we have not yet reviewed is Savaria Corporation (SISXF), a Canadian-based company operating in the accessibility industry. Shares currently yield more than 1.9%, slightly above the S&P 500 Index’s average yield.
This article will evaluate the company, its business model, and its dividend to determine whether Savaria Corporation is a good candidate for purchase.
Business Overview
Savaria Corporation is a specialty industrial machinery company that provides accessibility solutions for the elderly and disabled. Though the company has a market capitalization of just $1.6 billion, Savaria Corporation has a solid global footprint.
The company operates in Canada, the U.S., the U.K., Germany, China, and Italy.
Savaria Corporation comprises several business segments, including Accessibility, Patient Care, and Adapted Vehicles.
Accessibility manufactures products such as stairlifts for straight and curved staircases, as well as wheelchair platform lifts. This segment contributes ~70% of revenue. Patient Care, which accounts for 21% of revenue, manufactures and markets therapeutic support surfaces for medical beds and other medical equipment. Adapted Vehicles produces vehicles for use by patients with mobility difficulties. This segment is the smallest within the company, making up less than 10% of total revenue. The company was founded in 1979 and is based in Laval, Quebec, Canada.
The company reported solid financial results for the first quarter of 2026.
Source: First Quarter Earnings Results
Savaria reported strong first-quarter 2026 results, driven by revenue growth, margin expansion, and improved profitability. Revenue increased 7.0% to $235.5 million, supported by 5.7% organic growth and acquisition contributions. Operating income rose 55.3% to $33.0 million, while gross margin improved to 38.9% from 37.8% in the prior year. The Accessibility segment grew 7.9%, and Patient Care revenue increased 3.8%.
Profitability improved significantly during the quarter.
Net earnings increased 81.7% to $22.7 million, while diluted earnings per share rose 82.4% to $0.31. Adjusted EBITDA climbed 18.4% to $48.1 million, with the adjusted EBITDA margin expanding to 20.4% from 18.5% a year earlier. Management attributed the stronger performance to continued operational efficiencies from the Savaria One transformation program.
Savaria also strengthened its financial position in Q1 2026. Net debt declined to $178.7 million from $191.5 million at year-end 2025, reducing the net debt-to-EBITDA ratio to 0.92. The company ended the quarter with $324.0 million in available funds to support acquisitions, capital investments, and future growth initiatives. Management reaffirmed its long-term objective of achieving approximately $1.6 billion in annual revenue by 2030 while maintaining EBITDA margins above 20%.
Growth Prospects
Savaria Corporation has several tailwinds that should help the company continue to grow. First, the company’s main markets are seeing an increasing share of elderly people in the total population. In the U.S. alone, those over 65 are projected to make up more than 20% of the population by 2030. People in this age group tend to require more assistance with mobility.
Next, the vast majority of older people wish to remain in their homes. According to AARP, nearly 80% of people over 50 want to stay in their homes as they age. More than two-thirds say that their properties have accessibility issues inside and outside the home. Savaria should be able to capitalize on this trend as it buys up smaller players in the industry.
Source: Investor Presentation
Savaria Corporation estimates that the global long-term market will grow at 7% annually through 2031, a solid, if not spectacular, growth rate. By the end of this decade, the U.S. is forecasted to have more than 20 million people requiring long-term care.
Given that people live longer, want to remain in their homes, and have accessibility challenges, a company like Savaria Corporation is poised to benefit from product demand.
The company offers a variety of products, from chair lifts and vehicles to beds, that can greatly improve customers’ quality of life. This can also help people remain in their homes rather than enter an adult care center, which can be much more expensive than the products Savaria Corporation markets. People wishing to remain in their home could very well be willing to purchase a product if it means that they can continue to live as they have.
Dividend Analysis
Savaria Corporation began paying an annual dividend before switching to a quarterly dividend in 2013. By late 2017, the company converted to its current monthly payment schedule.
Payments have fluctuated for U.S. investors due to currency exchange rates, but the dividend amount has gradually increased over the years. U.S. investors received $0.39 in annual dividends in 2025 and are expected to receive $0.41 in 2026. For the most part, dividend growth has been very low over the last five years. We do not anticipate that this will change.
The dividend hasn’t materially increased in the past and is not forecast to do so in the near future due to the high payout ratio. Last year, Savaria Corporation’s payout ratio was 41%. The company has raised its dividend in local currency for 12 consecutive years.
With results showing signs of growth, the dividend is likely safe. A downturn in the business could call that into question, especially considering the debt on the company’s balance sheet.
The annualized rate of $0.41 for U.S. investors yields 1.9%.
Final Thoughts
Savaria Corporation is a small, monthly dividend-paying company well-positioned to benefit from people living longer. With most people wanting to remain in their homes, tackling accessibility and mobility challenges will likely be a significant focus for the industry in the coming decade.
This positions the company in an advantageous spot. A growing business should help defend its dividends and provide the capital needed to pay down debt to a much more manageable level. Lower debt would also help to protect the dividend. Investors seeking monthly income and exposure to a growing population might find Savaria Corporation an attractive investment option.
Don’t miss the resources below for more monthly dividend stock investing research.
- The Monthly Dividend Stocks List
- 20 Highest Yielding Monthly Dividend Stocks
- 10 Cheapest Monthly Dividend Stocks
- 10 Safest Monthly Dividend Stocks
- 3 Top ‘Hold Forever’ Monthly Dividend Stocks
And see the resources below for more compelling investment ideas for dividend growth stocks and/or high-yield investment securities.
- Dividend Kings: 50+ years of rising dividends
- Dividend Champions: 25+ years of rising dividends
- Dividend Aristocrats: 25+ years of rising dividends and in the S&P 500
- Dividend Achievers: 10+ years of rising dividends and in the NASDAQ
- High Dividend Stocks: 4%+ dividend yields
- Blue Chip Stock: Kings, Aristocrats, and Achievers
- MLPs: List of MLPs and more
- REITs: List of REITs and more
- BDCs: List of BDCs and more