Government deals give it an edge

Article Excerpt

CALIAN GROUP LTD. $58 is a buy. The company (Toronto symbol CGY; High-Growth Dividend Payer Portfolio, Manufacturing & Industry sector; Shares outstanding: 11.3 million; Market cap: $655.4 million; Dividend yield: 1.9%; Dividend Sustainability Rating: Above Average; www.calian.com) provides business services to the healthcare, defence, security, aerospace, engineering, agriculture and technology industries. Calian pays a quarterly dividend of $0.28 a share; the annual rate of $1.12 yields 1.9%. That payment went up five times between 2010 and 2012. It has been held steady for investors since then. The company’s focus on secure Canadian government contracts continues to pay off. In the three months ended December 31, 2021, revenue rose 11.4%, to $129.5 million from $116.2 million a year earlier. Excluding one-time items, per-share earnings rose 21.4%, to $0.85 from $0.70. Calian is a buy. buy…