Buy these industrials for steady dividends

Article Excerpt

CALIAN GROUP LTD. $35 (Toronto symbol CGY; High-Growth Dividend Payer Portfolio, Manufacturing & Industry sector; Shares outstanding; 7.9 million; Market cap: $276.5 million; Dividend yield: 3.2%; Dividend Sustainability Rating: Above Average; www.calian.com) has two main operations: Business and Technology Services (70% of revenue) provides clients with engineers, health-care workers and other skilled professionals on a contract basis; and Systems Engineering (30%) sells hardware and software for testing, operating and managing satellite and other communication systems. Calian pays a quarterly dividend of $0.28 for a 3.2% yield. It raised that payment five times between 2010 and 2012, and has held it steady since then. In the three months ended December 31, 2018, revenue rose 4.9%, to $79.9 million from $76.2 million a year earlier. The company earned $3.4 million, or $0.43 a share. That was down 19.7% from $4.2 million, or $0.54, a year earlier. The decline was mostly due to higher costs. The company has now agreed to acquire Germany-based SatService. That firm offers engineering solutions…