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Topic: Dividend Stocks

CAE INC. $15 – Toronto symbol CAE

CAE INC. $15 (Toronto symbol CAE; Conservative Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 263.8 million; Market cap: $4.0 billion; Price-to-sales ratio: 1.8; Dividend yield: 1.6%; TSINetwork Rating: Average; www.cae.com) has a long history of developing flight simulators for Bombardier’s aircraft. This expertise will give CAE an advantage when airlines begin training their pilots to operate the new CSeries jet.

Meanwhile, the company sold a record 48 simulators in its 2014 fiscal year, which ended March 31, 2014. It ended the year with a $4.2-billion order backlog, which is equal to roughly two years’ worth of revenue.

CAE is our #1 buy for 2014.

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