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

Stantec Inc. (TSE:STN) (NYSE:STN) declared 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 Stock Up 0.3 %

Shares of TSE:STN opened at C$119.77 on Wednesday. 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 business’s 50 day moving average is C$114.84 and its 200 day moving average is C$114.05. The stock 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 52-week low of C$103.48 and a 52-week high of C$129.39.

Wall Street Analyst Weigh In

STN has been the subject of a number of research reports. Raymond James raised shares of Stantec from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from C$130.00 to C$140.00 in a research note on Wednesday, February 26th. Royal Bank of Canada increased their price target on Stantec from C$128.00 to C$138.00 and gave the company an “outperform” rating in a research note on Wednesday, February 26th. ATB Capital upped their target price on Stantec from C$125.00 to C$135.00 and gave the company a “sector perform” rating in a research report on Wednesday, February 26th. BMO Capital Markets increased their price objective on Stantec from C$135.00 to C$138.00 in a report on Friday, December 6th. Finally, Scotiabank upped their target price on Stantec from C$129.00 to C$141.00 and gave the company an “outperform” 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 given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of C$140.33.

Insider Activity at Stantec

In other Stantec news, Director Vito Culmone bought 3,000 shares of the firm’s stock in a transaction dated Monday, December 30th. The shares were purchased at an average price of C$112.03 per share, for a total transaction of C$336,099.00. 0.27% of the stock is owned by company insiders.

Stantec Company Profile

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.