Calian makes a big acquisition

Article Excerpt

CALIAN GROUP LTD. $56 is a buy. The company (Toronto symbol CGY; High-Growth Dividend Payer Portfolio, Manufacturing & Industry sector; Shares outstanding; 9.7 million; Market cap: $543.2 million; Dividend yield: 2.0%; Dividend Sustainability Rating: Above Average; www.calian.com) pays you a quarterly dividend of $0.28 a share; the annual rate of $1.12 yields 2.0%. That payment went up five times between 2010 and 2012. It has been held steady for investors since then. The company will now buy Toronto-based Dapasoft Inc. for $83 million. Its software and systems connect hospitals to the cloud and are used by 30-plus institutions across Canada. Meanwhile, its virtual care platform lets clinicians meet patients and access medical records remotely using Microsoft Teams. Calian will use Dapasoft’s products at its Primacy clinics across Canada, in addition to selling them to third parties. Calian Group is a buy. buy…