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. Investors 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 dividend on an annualized basis 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. Stella-Jones has a 52-week low of C$65.13 and a 52-week high of C$98.00. The company has a quick ratio of 1.20, a current ratio of 6.85 and a debt-to-equity ratio of 87.53. The business has a fifty day moving average of C$70.44 and a 200 day moving average of C$79.18. The company has a market cap of C$4.05 billion, a PE ratio of 12.64, a P/E/G ratio of 2.40 and a beta of 0.64.

Insider Buying and Selling

In other Stella-Jones news, Director Patrick Kirkham acquired 2,035 shares of the business’s stock in a transaction dated 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 owned by corporate insiders.

Analyst Upgrades and Downgrades

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

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.