Stantec Inc. Announces Quarterly Dividend of $0.10 (STN)

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.

Stantec announced that its Board of Directors has approved a share repurchase program on Thursday, November 9th that allows the company to repurchase 2,280,000 shares. This repurchase authorization allows the business services provider to buy shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its stock is undervalued.

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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About Stantec

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.

Dividend History for Stantec (NYSE:STN)

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