The board of directors of SNC-Lavalin has increased the quarterly cash dividend by 4.8% to $0.22 per share.
There's plenty of drama to be had with SNC-Lavalin these days. The CEO Pierre Duhaime stepped down amid allegations he allowed a series of unauthorized payments of $56-million to be made by a former vice president.
The current dividend payout ratio for SNC is 29% which is very low compared to most dividend payers. Looking back we can see that SNC has increased its dividend since 2000 according to the chart below.