Stantec Inc. (STN) To Go Ex-Dividend on March 28th

Stantec Inc. (NYSE:STN) (TSE:STN) announced a quarterly dividend on Wednesday, February 26th, Wall Street Journal reports. Shareholders of record on Friday, March 28th will be paid 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 yield of 0.74%. The ex-dividend date of this dividend is Friday, March 28th. This is a positive change from Stantec’s previous quarterly dividend of $0.16.

Stantec has increased its dividend payment by an average of 8.4% annually over the last three years and has increased its dividend annually for the last 12 consecutive 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 Price Performance

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

Wall Street Analyst Weigh In

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