Purchase adds to Calian’s profits

Article Excerpt

CALIAN GROUP LTD. $66 is a buy. The company (Toronto symbol CGY; High-Growth Dividend Payer Portfolio, Manufacturing & Industry sector; Shares outstanding; 9.7 million; Market cap: $640.2 million; Dividend yield: 1.7%; 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 1.7%. That payment went up five times between 2010 and 2012, and has been held steady for investors since then. The company has now agreed to buy privately held Tallysman Wireless for $24.5 million. Tallysman makes a wide range of Global Navigation Satellite Systems, Iridium and Globalstar antennas and related products for a broad range of applications. They include precision reference systems, and unmanned and autonomous vehicles. The acquisition will add immediately to the company’s earnings. Calian Group is a buy. buy…