Stantec Inc. (NYSE:STN) (TSE:STN) announced a quarterly dividend on Wednesday, November 8th, Zacks reports. Stockholders of record on Friday, December 29th will be given a dividend of 0.098 per share by the business services provider on Thursday, January 11th. This represents a $0.39 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date of this dividend is Thursday, December 28th.
Stantec has increased its dividend payment by an average of 2.1% per year over the last three years and has increased its dividend every year for the last 4 years. Stantec has a payout ratio of 33.1% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Stantec to earn $1.75 per share next year, which means the company should continue to be able to cover its $0.50 annual dividend with an expected future payout ratio of 28.6%.
Stantec (NYSE STN) traded down $0.05 during trading hours on Friday, hitting $27.55. The stock had a trading volume of 2,658 shares, compared to its average volume of 19,042. The stock has a market capitalization of $3,144.89, a price-to-earnings ratio of 35.78 and a beta of 1.57. Stantec has a 52-week low of $22.25 and a 52-week high of $28.90. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.45 and a current ratio of 1.45.
A number of analysts recently commented on STN shares. Zacks Investment Research lowered Stantec from a “buy” rating to a “hold” rating in a research note on Wednesday, October 25th. Royal Bank of Canada started coverage on Stantec in a research note on Monday, October 23rd. They issued a “sector perform” rating and a $40.00 price target for the company. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $35.00.
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Stantec Inc is a provider of professional services in the area of infrastructure and facilities for clients in the public and private sectors. The Company’s operates through four segments Consulting Services-Canada, Consulting Services-United States, Consulting Services-Global and Construction Services.
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