Q: On apr 10 you mentioned Wsp was one of the companies growing their dividend. However I believe they have not increased their dividend of $1.50 since they were an income trust known as Genivar.Please correct me if I am wrong.
5i Research Answer:
It is correct that WSP did not raise dividends in the last ten years. It is an error on our end. That said, WSP has grown its business substantially in the last ten years by retaining most of its earnings and operating a consistent track record of acquisitions, as a result, WSP has become a much larger business now and its ability to pay dividends now is much more significant (dividend in the trailing-twelve-month is around $162M, while cash from operating is $986M).