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Topic: Dividend Stocks

LINAMAR CORP. $77 – Toronto symbol LNR

LINAMAR CORP. $77 (Toronto symbol LNR; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 64.8 million; Market cap: $5.0 billion; Price-to-sales ratio: 1.2; Dividend yield: 0.5%; TSINetwork Rating: Average; www.linamar.com) plans to expand its transmissionmanufacturing facility in Guelph, Ontario. This project will focus on developing lighter auto parts that will help carmakers comply with tougher fuel-efficiency regulations.

The company will spend $506.8 million on the expansion, but Ottawa has agreed to provide a $50.7-million loan for new equipment and research. The Ontario government will also supply a $50.25- million grant.

Linamar is a buy.

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