3 aggressive picks offer sustainable dividends

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SHAWCOR LTD. $38 (Toronto symbol SCL; CyclicalGrowth Payer Portfolio, Manufacturing & Industry sector; Shares outstanding: 69.9 million; Market cap: $2.7 billion; Dividend yield: 1.6%; Dividend Sustainability Rating: Above Average; www.shawcor.com) makes sealants and coatings that keep oil and gas pipelines from rusting. It also makes electrical wire, protective sheaths and other industrial products. ShawCor last increased its quarterly dividend in May 2014 by 20.0%, to $0.15 a share from $0.125. The annual rate of $0.60 yields 1.6%. The company’s order backlog was $650 million as of December 31, 2016. In addition, ShawCor is currently working with customers on projects worth over $1.7 billion. Meanwhile, it also continues to wait on decisions involving over $700 million worth of bids. The company’s strong reputation should help it win a significant share of those orders. ShawCor is a buy. RIOCAN REAL ESTATE INVESTMENT TRUST $26 (Toronto symbol REI.UN; Cyclical-Growth Payer Portfolio, Manufacturing & Industry sector; Units outstanding: 325.5 million; Market cap: $8.5 billion; Dividend yield: 5.4%; Dividend…