WSP has seen a declining dividend yield over the past decade, from ~5% to 6% to its current less than 1% yield. The stock has become focused on paying down debt and acquisitions, alongside continuous, steady dividend payments. WSP has been in the income model portfolio for years, coming from a high yield to a now relatively lower yield. The income model portfolio aims to target an average portfolio yield of 4% to 5% and a total return target of 6% to 8%. We feel that while WSP does not help to bring up the average yield, the model portfolio continues to hold an average portfolio yield in the 4% to 5% range, and WSP's strong price appreciation has helped to near the total return target of 6% to 8%.
5i Research Answer: