Stantec Inc. (NYSE:STN) to Issue Quarterly Dividend of $0.16

Stantec Inc. (NYSE:STN) (TSE:STN) announced a quarterly dividend on Wednesday, February 26th, Wall Street Journal reports. Stockholders of record on Friday, March 28th will be given a dividend of 0.1574 per share by the business services provider on Tuesday, April 15th. This represents a $0.63 annualized dividend and a dividend yield of 0.74%. The ex-dividend date is Friday, March 28th. This is a boost from Stantec’s previous quarterly dividend of $0.16.

Stantec has increased its dividend by an average of 8.4% annually over the last three years and has raised its dividend every year for the last 12 years. Stantec has a payout ratio of 15.2% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Stantec to earn $3.45 per share next year, which means the company should continue to be able to cover its $0.59 annual dividend with an expected future payout ratio of 17.1%.

Stantec Stock Performance

Shares of NYSE:STN opened at $84.64 on Friday. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $9.65 billion, a price-to-earnings ratio of 38.47 and a beta of 1.01. Stantec has a 12 month low of $73.18 and a 12 month high of $90.24. The firm’s 50-day moving average is $78.36 and its 200 day moving average is $81.02.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on STN shares. Canaccord Genuity Group raised Stantec from a “hold” rating to a “buy” rating in a research note on Monday, November 11th. Canaccord Genuity Group raised shares of Stantec from a “hold” rating to a “buy” rating in a research note on Monday, November 11th. Raymond James upgraded shares of Stantec from a “market perform” rating to an “outperform” rating in a research note on Wednesday. Finally, StockNews.com upgraded Stantec from a “hold” rating to a “buy” rating in a report on Saturday, November 16th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Stantec currently has a consensus rating of “Moderate Buy”.

Stantec Company Profile

Stantec Inc provides professional services in the areas of infrastructure and facilities to the public and private sectors in Canada, the United States, and internationally. It offers evaluation, planning, and designing infrastructure solutions; solutions for sustainable water resources, planning, management, and infrastructure; environmental services; integrated architecture, engineering, interior design, and planning solutions for buildings; and energy and resources solutions.