Stantec Inc. (STN) to Issue Quarterly Dividend of $0.23 on April 15th

Stantec Inc. (TSE:STN) (NYSE:STN) declared a quarterly dividend on Friday, March 28th, TickerTech Dividends reports. Investors of record on Tuesday, April 15th will be given a dividend of 0.225 per share on Tuesday, April 15th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date is Friday, March 28th. This is a 7.1% increase from Stantec’s previous quarterly dividend of $0.21.

Stantec Stock Up 0.4 %

STN stock traded up C$0.49 during trading on Wednesday, reaching C$120.26. The stock had a trading volume of 8,065 shares, compared to its average volume of 263,059. Stantec has a one year low of C$103.48 and a one year high of C$129.39. The company’s 50 day moving average is C$114.84 and its two-hundred day moving average is C$114.05. The company has a quick ratio of 1.46, a current ratio of 1.42 and a debt-to-equity ratio of 85.29. The company has a market capitalization of C$13.71 billion, a price-to-earnings ratio of 40.13, a P/E/G ratio of 1.46 and a beta of 0.82.

Analysts Set New Price Targets

Several equities analysts recently commented on STN shares. CIBC upped their price objective on Stantec from C$134.00 to C$139.00 and gave the company an “outperform” rating in a research note on Wednesday, February 26th. ATB Capital increased their price target on Stantec from C$125.00 to C$135.00 and gave the stock a “sector perform” rating in a research note on Wednesday, February 26th. TD Securities boosted their price objective on Stantec from C$139.00 to C$145.00 and gave the company a “buy” rating in a research note on Wednesday, February 26th. Scotiabank increased their target price on shares of Stantec from C$129.00 to C$141.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 26th. Finally, Desjardins boosted their price target on shares of Stantec from C$138.00 to C$148.00 and gave the company a “buy” rating in a research report on Wednesday, February 26th. One research analyst has rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of C$140.33.

Insider Buying and Selling

In related news, Director Vito Culmone acquired 3,000 shares of the firm’s stock in a transaction that occurred on Monday, December 30th. The shares were bought at an average cost of C$112.03 per share, for a total transaction of C$336,099.00. 0.27% of the stock is currently owned by company insiders.

About Stantec

Stantec Inc is a sustainable engineering, architecture, and environmental consulting company. The company is geographically diversified in three regional operating units namely Canada, the United States and Global, offering similar services across all regions. The company offers services in various sectors across the project life cycle through five business operating units infrastructure, water, buildings, environmental services, and energy and resources.