Topic: Dividend Stocks

SNC-LAVALIN GROUP INC. $53 – Toronto symbol SNC

SNC-LAVALIN GROUP INC. $53 (Toronto symbol SNC; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 150.9 million; Market cap: $8.0 billion; Price-to-sales ratio: 1.2; Dividend yield: 1.6%; TSINetwork Rating: Average; www.snclavalin.com) has won a contract to install new containment and ventilation equipment in a Romanian nuclear power plant. SNC will complete this project in 2013.

The contract is worth $48 million, which is less than 1% of the company’s annual revenue of $7 billion. However, this deal could lead to more contracts from nuclear power producers, particularly as they invest in new safety equipment after the Fukushima nuclear plant in Japan was damaged by the March 2011 earthquake and tsunami.

SNC-Lavalin is a buy.

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