Stantec Inc. (TSE:STN) Plans Dividend Increase – $0.23 Per Share

Stantec Inc. (TSE:STN) (NYSE:STN) announced a quarterly dividend on Friday, March 28th, TickerTech Dividends reports. Stockholders of record on Tuesday, April 15th will be paid 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 of this dividend is Friday, March 28th. This is a 7.1% increase from Stantec’s previous quarterly dividend of $0.21.

Stantec Price Performance

Shares of TSE:STN opened at C$119.77 on Wednesday. The company has a market cap of C$13.65 billion, a P/E ratio of 39.97, a price-to-earnings-growth ratio of 1.46 and a beta of 0.82. Stantec has a 12-month low of C$103.48 and a 12-month high of C$129.39. 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’s fifty day moving average is C$114.84 and its two-hundred day moving average is C$114.05.

Analyst Upgrades and Downgrades

A number of research firms recently commented on STN. Desjardins increased their price objective on Stantec from C$138.00 to C$148.00 and gave the stock a “buy” rating in a report on Wednesday, February 26th. CIBC increased their target price 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. Stifel Nicolaus raised their target price on Stantec from C$135.00 to C$144.00 and gave the company a “buy” rating in a report on Wednesday, February 26th. BMO Capital Markets raised their price objective on shares of Stantec from C$135.00 to C$138.00 in a research note on Friday, December 6th. Finally, ATB Capital boosted their target price on shares of Stantec from C$125.00 to C$135.00 and gave the stock a “sector perform” rating in a research report on Wednesday, February 26th. One analyst has rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Stantec has an average rating of “Buy” and an average price target of C$140.33.

Insider Transactions at Stantec

In related news, Director Vito Culmone acquired 3,000 shares of Stantec stock in a transaction on Monday, December 30th. The stock was purchased at an average cost of C$112.03 per share, with a total value of C$336,099.00. 0.27% of the stock is owned by 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.