Updating Our High-Growth Payers: Calian Group

Article Excerpt

CALIAN GROUP LTD. $66 is a buy. The company (Toronto symbol CGY; High-Growth Dividend Payer Portfolio, Manufacturing & Industry sector; Shares outstanding: 11.4 million; Market cap: $752.4 million; Dividend yield: 1.7%; 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 1.7%. That payment went up five times between 2010 and 2012. It has steady for investors since then. The NASA Goddard Space Flight Center recently contracted Calian to provide a third high-performance antenna for NASA’s Very Long Baseline Interferometry (VLBI) Global Observing System (VGOS). The ultra-strong design of Calian’s antennae minimizes thermal, wind and gravity load distortion. That allows for state-of-the-art tracking, pointing accuracy and reference point stability. The company’s focus on secure government contracts, like the NASA deal, continues to pay off in a big way. In its fiscal 2022 fourth quarter, ended September 30, 2022, revenue rose 25.8%, to a..