Updating Calian Group Ltd.

Article Excerpt

CALIAN GROUP LTD. $28 (Toronto symbol CGY; High-Growth Dividend Payer Portfolio, Manufacturing & Industry sector; Shares outstanding; 7.8 million; Market cap: $218.4 million; Dividend yield: 4.0%; 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 4.0% yield. It raised that payment five times between 2010 and 2012, and has held it steady since then. The company recently acquired IntraGrain Technologies Inc., based in Regina. The firm’s main product is its BIN-SENSE grain storage system. That product combines Internet of Things connectivity with bin sensors to protect grain quality and reduce the risk of stored-grain spoilage. IntraGrain’s other products include a digital locking system for gas pumps. Meantime, in its 2018 fiscal fourth quarter, ended September 30, 2018,…