Stella-Jones Inc (SJ) Announces Quarterly Dividend of $0.12

Stella-Jones Inc (TSE:SJ) announced a quarterly dividend on Tuesday, March 13th, Zacks reports. Shareholders of record on Friday, April 6th will be given a dividend of 0.12 per share on Friday, April 27th. This represents a $0.48 annualized dividend and a yield of 1.05%. The ex-dividend date of this dividend is Thursday, April 5th. This is an increase from Stella-Jones’s previous quarterly dividend of $0.11.

Stella-Jones stock opened at C$45.51 on Friday. Stella-Jones has a fifty-two week low of C$38.23 and a fifty-two week high of C$52.22.

Stella-Jones (TSE:SJ) last posted its quarterly earnings results on Wednesday, March 14th. The company reported C$0.74 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.28 by C$0.46. The business had revenue of C$377.40 million for the quarter, compared to the consensus estimate of C$371.07 million. Stella-Jones had a return on equity of 15.87% and a net margin of 8.11%.

A number of brokerages have recently commented on SJ. Desjardins lowered their target price on Stella-Jones from C$54.00 to C$50.00 in a research note on Thursday, March 15th. TD Securities upped their target price on Stella-Jones from C$51.00 to C$54.00 and gave the stock a “hold” rating in a research note on Thursday, February 22nd. Scotiabank upped their target price on Stella-Jones from C$47.00 to C$48.00 and gave the stock a “sector perform” rating in a research note on Monday, January 29th. National Bank Financial upgraded Stella-Jones from a “sector perform” rating to an “outperform” rating and upped their target price for the stock from C$52.00 to C$55.00 in a research note on Thursday, January 25th. Finally, Laurentian upped their target price on Stella-Jones from C$55.00 to C$57.00 and gave the stock a “buy” rating in a research note on Wednesday, January 24th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Stella-Jones presently has an average rating of “Buy” and a consensus price target of C$52.57.

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Stella-Jones Company Profile

Stella-Jones Inc is a Canada-based company, which is a producer and marketer of pressure treated wood products. The Company supplies North America’s railroad operators with railway ties and timbers, and the continent’s electrical utilities and telecommunication companies with utility poles. It manufactures and distributes residential lumber and accessories to retailers for outdoor applications, as well as industrial products, which include marine and foundation pilings, construction timbers, wood for bridges and coal tar-based products.

Dividend History for Stella-Jones (TSE:SJ)

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