Stantec Inc. (NYSE:STN) Raises Dividend to $0.16 Per Share

Stantec Inc. (NYSE:STN - Get Free Report) TSE: STN declared a quarterly dividend on Wednesday, February 26th, Wall Street Journal reports. Shareholders of record on Friday, March 28th will be given 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 is Friday, March 28th. This is an increase 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 raised its dividend every year for the last 13 years. Stantec has a dividend payout ratio of 15.2% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Stantec to earn $3.45 per share next year, which means the company should continue to be able to cover its $0.62 annual dividend with an expected future payout ratio of 18.0%.

Stantec Stock Performance

Shares of STN traded up $0.63 on Friday, reaching $85.27. The company's stock had a trading volume of 264,020 shares, compared to its average volume of 148,280. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.42 and a quick ratio of 1.42. The stock has a market capitalization of $9.73 billion, a P/E ratio of 38.76 and a beta of 1.01. Stantec has a 12-month low of $73.18 and a 12-month high of $90.24. The stock's 50 day simple moving average is $78.48 and its two-hundred day simple moving average is $81.07.

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Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. StockNews.com raised shares of Stantec from a "hold" rating to a "buy" rating in a report on Saturday, November 16th. Raymond James upgraded Stantec from a "market perform" rating to an "outperform" rating in a research report on Wednesday. Canaccord Genuity Group raised Stantec from a "hold" rating to a "buy" rating in a research note on Monday, November 11th. Finally, Canaccord Genuity Group upgraded Stantec from a "hold" rating to a "buy" rating in a research note on Monday, November 11th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has a consensus rating of "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.