Here are key updates on 3 dividend payers

Article Excerpt

WYNDHAM HOTELS & RESORTS INC. $73 is a buy. The company (New York symbol WH; Cyclical-Growth Portfolio, Consumer sector; Shares outstanding: 84.3 million; Market cap: $6.2 billion; Dividend yield: 1.9%; Dividend Sustainability Rating: Average; www.wyndhamhotels.com) is the world’s largest hotel franchiser, with 9,100 hotels in more than 95 countries. Wyndham last raised your quarterly dividend by 9.4% with the March 2023 payment to $0.35 a share from $0.32. The new annual rate of $1.40 yields 1.9%. The company rejected an unsolicited takeover offer from rival Choice Hotels International, Inc. (New York symbol CHH). The offer, worth $90.00 per Wyndham share, consisted of $49.50 a share in cash (55% of the total) and 45% in Choice Hotel stock. Even without a takeover, Wyndham’s prospects remain bright as travel volumes continue to rebound from the COVID-19 lockdowns. Wyndham Hotels is a buy. STANTEC INC. $84 is a buy. The engineering firm (Toronto symbol STN; Cyclical-Growth Payer Portfolio, Manufacturing sector; Shares outstanding: 111.0 million; Market cap: $9.3 billion; Dividend yield: 0.9%; Dividend Sustainability Rating: Above…