Updating WestJet Airlines Ltd., Snap-On Inc., Stantec Inc.

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WESTJET AIRLINES LTD. $21 (Toronto symbol WJA; Cyclical-Growth Dividend Portfolio; Manufacturing sector; Shares outstanding: 114.0 million; Market cap: $2.4 billion; Dividend yield: 2.7%; Dividend Sustainability Rating: Above Average; www.westjet.com) last raised its dividend by 16.7% with the March 2015 payment, to $0.14 a share from $0.12. The annual rate of $0.56 yields 2.7%. In the quarter ended December 31, 2018, overall revenue increased 6.6%, to $1.19 billion from $1.12 billion a year earlier. However, earnings fell 39.0%, to $29.2 million, or $0.26 a share, from $47.8 million, or $0.42. Still, the company’s strong brand, along with its solid balance sheet, gives it a very positive outlook. As well, its international expansion, plus its ultra-low-carrier Swoop, add considerable growth prospects. WestJet is still a buy. SNAP-ON INC. $160 (New York symbol SNA; Conservative-Growth Dividend Payer Portfolio, Manufacturing & Industry sector; Shares outstanding: 55.6 million; Market cap: $8.9 billion; Dividend yield: 2.4%; Dividend Sustainability Rating: Above Average; www.snapon.com) makes tools for auto mechanics and sells them through a fleet of franchised vans…