Stantec Inc. (NYSE:STN) (TSE:STN) declared a quarterly dividend on Friday, November 9th, Wall Street Journal reports. Investors of record on Friday, December 28th will be given a dividend of 0.1049 per share by the business services provider on Thursday, January 10th. This represents a $0.42 annualized dividend and a dividend yield of 1.73%. The ex-dividend date of this dividend is Thursday, December 27th.
Stantec has raised its dividend by an average of 4.1% annually over the last three years and has increased its dividend every year for the last 5 years. Stantec has a dividend payout ratio of 31.1% indicating that its dividend is sufficiently covered by earnings. Analysts expect Stantec to earn $1.72 per share next year, which means the company should continue to be able to cover its $0.42 annual dividend with an expected future payout ratio of 24.4%.
Shares of STN stock traded down $1.76 during trading on Friday, hitting $24.22. The company had a trading volume of 31,624 shares, compared to its average volume of 21,432. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.43. The stock has a market cap of $3.00 billion, a price-to-earnings ratio of 17.81 and a beta of 1.23. Stantec has a 52 week low of $23.95 and a 52 week high of $29.25.
Several research analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Stantec from a “sell” rating to a “hold” rating in a research report on Friday, October 26th. Royal Bank of Canada restated a “hold” rating on shares of Stantec in a research report on Friday. Raymond James cut shares of Stantec from an “outperform” rating to a “market perform” rating in a research report on Friday. CIBC upgraded shares of Stantec from a “neutral” rating to a “sector outperform” rating in a research report on Friday, October 19th. Finally, ValuEngine upgraded shares of Stantec from a “sell” rating to a “hold” rating in a research report on Tuesday, September 18th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Stantec has a consensus rating of “Buy” and an average target price of $29.00.
A hedge fund recently bought a new stake in Stantec stock. Bank of New York Mellon Corp purchased a new stake in shares of Stantec Inc. (NYSE:STN) (TSE:STN) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 9,706 shares of the business services provider’s stock, valued at approximately $249,000. 58.51% of the stock is currently owned by hedge funds and other institutional investors.
Stantec Inc provides professional consulting services in the area of infrastructure and facilities for clients in the public and private sectors in Canada, the United States, and internationally. It operates through four segments: Consulting Services Canada, Consulting Services United States, Consulting Services Global, and Construction Services.
Receive News & Ratings for Stantec Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stantec and related companies with MarketBeat.com's FREE daily email newsletter.