Stella-Jones Inc. (TSE:SJ) Increases Dividend to $0.31 Per Share

Stella-Jones Inc. (TSE:SJ) declared a quarterly dividend on Thursday, February 27th, RTT News reports. Stockholders of record on Tuesday, April 1st will be given a dividend of 0.31 per share on Friday, April 18th. This represents a $1.24 annualized dividend and a dividend yield of 1.71%. This is a positive change from Stella-Jones’s previous quarterly dividend of $0.28.

Stella-Jones Stock Up 3.9 %

Shares of SJ opened at C$72.39 on Friday. The stock has a 50 day moving average price of C$70.44 and a 200 day moving average price of C$79.18. The company has a debt-to-equity ratio of 87.53, a quick ratio of 1.20 and a current ratio of 6.85. The stock has a market capitalization of C$4.05 billion, a price-to-earnings ratio of 12.64, a PEG ratio of 2.40 and a beta of 0.64. Stella-Jones has a one year low of C$65.13 and a one year high of C$98.00.

Analyst Upgrades and Downgrades

SJ has been the subject of a number of research reports. Royal Bank of Canada reduced their target price on shares of Stella-Jones from C$97.00 to C$81.00 in a research report on Thursday, November 7th. TD Securities dropped their price objective on shares of Stella-Jones from C$103.00 to C$88.00 and set a “buy” rating for the company in a research note on Thursday, November 7th. Cibc World Mkts raised shares of Stella-Jones from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 14th. Scotiabank lowered their target price on Stella-Jones from C$95.00 to C$85.00 in a report on Thursday, November 7th. Finally, CIBC raised Stella-Jones from a “neutral” rating to an “outperform” rating and increased their price target for the company from C$83.00 to C$86.00 in a report on Wednesday, January 15th. Two analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of C$88.50.

Insider Buying and Selling at Stella-Jones

In related news, Director Patrick Kirkham purchased 2,035 shares of the company’s stock in a transaction on Thursday, December 19th. The stock was acquired at an average cost of C$70.36 per share, for a total transaction of C$143,179.34. 0.14% of the stock is currently owned by company insiders.

Stella-Jones Company Profile

Stella-Jones Inc produces and sells lumber and wood products. The company operates in two segments: Pressure-treated wood, which includes utility poles, railway ties, residential lumber, and industrial products; and Logs & Lumber segment comprises of the sales of logs harvested in the course of the company’s procurement process that is determined to be unsuitable for use as utility poles, it also includes the sale of excess lumber to local home-building markets.