ACS Actividades de Construcción y Servicios S.A.

ACS, based in Madrid, is one of the world's largest construction and infrastructure groups, building major projects across Europe, North America and Australia through subsidiaries including Germany's Hochtief, and developing and managing toll roads and other concessions. Its global reach spreads its work across many markets and public-works cycles. ACS pays a high dividend, often offering shareholders the choice of cash or new shares, funded by steady construction and concession cash flow, which earns it a high DiviScore. A generous yield backed by a global builder defines its appeal, though results depend on the project cycle.