SHAWCOR LTD. $45 - Toronto symbol SCL

SHAWCOR LTD. $45 (Toronto symbol SCL; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 58.8 million; Market cap: $2.6 billion; Price-to-sales ratio: 2.0; Dividend yield: 1.1%; TSINetwork Rating: Average; www.shawcor.com) continues to win new contracts for its underwater pipeline coating services. That let ShawCor raise its dividend by 25.0%. The new annual rate of $0.50 a share yields 1.1%.

ShawCor is a buy.

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