Topic: Dividend Stocks

SHAWCOR LTD. $38 – Toronto symbol SCL

SHAWCOR LTD. $38 (Toronto symbol SCL; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 64.5 million; Market cap: $2.5 billion; Price-to-sales ratio: 1.4; Dividend yield: 1.6%; TSINetwork Rating: Average; www.shawcor.com) has won two contracts to coat pipelines that will pump natural gas to various locations in northeastern Argentina.

The total value of these deals—$55 million U.S.—is equal to 3% of the company’s 2014 revenue of $1.9 billion (Canadian). ShawCor expects to complete these jobs in early 2016.

ShawCor is a buy.

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