Looking for your opinion on the stock Sylogist Ltd.

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Would like to pick up a few shares, but not sure if valuation is high at the moment. Pays a good dividend, but the amount has not been consistent.
I would like to add a tech stock to my portfolio and I like that they pay a good dividend. Thanks in advance.

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Asked on February 16, 2021 9:01 am
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That's weird for sure. Because I know they have 10 years of straight growth.

Regardless, if you're looking for a strong dividend option in the tech sector, they are one. Just note, as a small cap they will be more volatile than a company like Enghouse or OpenText

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Posted by Dan Kent
Answered on February 16, 2021 12:50 pm
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Sent you a screenshot of where I got the info. Yes, yield, and also, I have limited capital to put into it right now.

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Posted by Amanda Szuszkiewicz
Answered on February 16, 2021 11:04 am
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Hey there.

Sylogist would actually be a Canadian Dividend Aristocrat if it was listed on the TSX. It's Venture listing limits its capabilities. It has increased its dividend every year since 2011, so I'm not sure where you're seeing the inconsistencies!

I think it's a strong company, lots of revenue backed by non-profits and government. Also, most of the company's revenue does come from the United States, which exposes the company to a stronger dollar.

Any particular reason you're choosing Sylogist over something like OpenText or Enghouse? Primarily yield I imagine?

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Posted by Dan Kent
Answered on February 16, 2021 10:43 am
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