- TSI Wealth Network - https://www.tsinetwork.ca -

This growth stock has started paying dividends

Companies take different paths to growth. Over the years, this Canadian company has steadily acquired a series of small firms with specialized expertise and integrated them into a large organization that can undertake a wide range of projects. And this year, it has joined the ranks of Canadian dividend stocks.

STANTEC INC. (Toronto symbol STN; www.stantec.com [1]) sells a range of consulting, project delivery, design/build and technology services. The company’s clients operate in a wide variety of markets, including industry, environment, transportation and construction. Stantec has over 11,000 employees at 170 locations throughout North America. It also has four international offices.

In the three months ended December 31, 2011, the company’s revenue rose 12.6%, to $432.0 million from $383.7 million a year earlier. Acquisitions were part of the reason for the gains.

For a rising portfolio

Learn everything you need to know in 'How to Find the Best Growth Stocks' for FREE from The Successful Investor.

Canadian Growth Stocks: CGI Group, CAE Inc., Fortis Inc. Stock and more.

 I consent to receiving information from The Successful Investor via email. I understand I can unsubscribe from these updates at any time.

Canadian dividend stocks: Stantec added five more companies in 2011

Stantec is also working on a number of new projects. Before one-time items, earnings rose 4.3%, to $24.3 million, or $0.53 a share, from $23.3 million, or $0.51 a share.

COMMENTS PLEASE

Are you prepared to buy a well-established company that pays no dividend and invest for capital gains only? Or are you more inclined to buy if there is a dividend?
Click here [2]

The company continues to grow by acquisition. In 2011, it bought five companies. Together, these firms added 725 staff to Stantec’s workforce.

Stantec has begun paying dividends for the first time with a quarterly payment of $0.15 a share in April 2012. Based on the current price, the shares will yield 1.9%.

In the latest edition of Stock Pickers Digest, we examine whether Stantec can successfully counter the risks inherent in its acquisitions policy with its integrated sales policies and cost cutting measures. We conclude with our clear buy-hold-sell advice.

If you’re looking for stocks with the potential for gains of 50% or more in 6 months or less, you should subscribe to Stock Pickers Digest [3].

The latest issue of Stock Pickers Digest gives you our full analysis, including clear buy/sell/hold advice, on 20 stocks that may be suitable for the part of your portfolio you devote to aggressive investing. What’s more, as a new subscriber you can save $50.00 off regular annual subscription rate. Click here to learn how [4].