Stantec Inc. (NYSE:STN) Declares $0.11 Quarterly Dividend

Stantec Inc. (NYSE:STN) (TSE:STN) announced a quarterly dividend on Thursday, May 9th, Zacks reports. Shareholders of record on Friday, June 28th will be given a dividend of 0.108 per share by the business services provider on Monday, July 15th. This represents a $0.43 annualized dividend and a yield of 1.78%. The ex-dividend date of this dividend is Thursday, June 27th.

Stantec has increased its dividend by an average of 7.6% per year over the last three years and has raised its dividend annually for the last 6 consecutive years.

Stantec stock traded down $0.19 during mid-day trading on Tuesday, hitting $24.25. The company had a trading volume of 134 shares, compared to its average volume of 17,658. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.88. The business has a 50 day simple moving average of $23.90. Stantec has a 12 month low of $21.44 and a 12 month high of $26.74. The company has a market capitalization of $2.72 billion, a P/E ratio of 17.33 and a beta of 1.17.

Stantec (NYSE:STN) (TSE:STN) last released its earnings results on Thursday, May 9th. The business services provider reported $0.34 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.34. Stantec had a return on equity of 10.03% and a net margin of 1.12%. The business had revenue of $680.04 million for the quarter, compared to the consensus estimate of $675.48 million. Equities research analysts predict that Stantec will post 1.52 EPS for the current fiscal year.

Several research firms have commented on STN. Royal Bank of Canada reissued an “average” rating and issued a $36.00 target price on shares of Stantec in a report on Friday, March 1st. BMO Capital Markets reaffirmed a “buy” rating on shares of Stantec in a report on Thursday, February 28th. Zacks Investment Research raised Stantec from a “hold” rating to a “buy” rating and set a $27.00 price target on the stock in a report on Friday, May 17th. Raymond James reaffirmed a “neutral” rating and set a $35.00 price target on shares of Stantec in a report on Monday, June 17th. Finally, CIBC reaffirmed a “hold” rating on shares of Stantec in a report on Thursday, June 13th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $32.67.

Stantec Company Profile

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 three segments: Consulting Services – Canada, Consulting Services – United States, and Consulting Services – Global.

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Dividend History for Stantec (NYSE:STN)

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