Stantec Inc. (TSE:STN - Get Free Report) NYSE: STN declared a quarterly dividend on Friday, March 28th, TickerTech Dividends reports. Investors 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 0.77%. The ex-dividend date is Friday, March 28th. This is a 7.1% increase from Stantec's previous quarterly dividend of $0.21.
Stantec Trading Down 1.6 %
TSE STN traded down C$1.97 during trading on Friday, hitting C$117.48. The company had a trading volume of 221,479 shares, compared to its average volume of 264,989. The company's fifty day moving average is C$115.30 and its 200-day moving average is C$114.21. The company has a market cap of C$13.39 billion, a price-to-earnings ratio of 39.20, a price-to-earnings-growth ratio of 1.46 and a beta of 0.82. The company has a current ratio of 1.42, a quick ratio of 1.46 and a debt-to-equity ratio of 85.29. Stantec has a one year low of C$103.48 and a one year high of C$129.39.
Insiders Place Their Bets
In other news, Director Vito Culmone bought 3,000 shares of the firm's stock in a transaction on Monday, December 30th. The shares were bought at an average price of C$112.03 per share, for a total transaction of C$336,099.00. Insiders own 0.27% of the company's stock.
Analysts Set New Price Targets
A number of analysts have recently commented on STN shares. Desjardins boosted their target price on shares of Stantec from C$138.00 to C$148.00 and gave the company a "buy" rating in a report on Wednesday, February 26th. Raymond James raised shares of Stantec from a "market perform" rating to an "outperform" rating and raised their target price for the company from C$130.00 to C$140.00 in a research note on Wednesday, February 26th. Royal Bank of Canada boosted their price target on Stantec from C$128.00 to C$138.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 26th. CIBC lifted their price objective 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. Finally, National Bankshares boosted their target price on Stantec from C$140.00 to C$143.00 and gave the stock an "outperform" rating in a report on Wednesday, February 26th. One analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Buy" and an average price target of C$140.33.
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About Stantec
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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.
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