Stella-Jones Inc. (TSE:SJ - Get Free Report) declared a quarterly dividend on Thursday, February 27th, RTT News reports. Stockholders of record on Tuesday, April 1st will be paid 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 1.72%. This is an increase from Stella-Jones's previous quarterly dividend of $0.28.
Stella-Jones Stock Performance
Shares of Stella-Jones stock traded up C$2.72 during trading on Monday, hitting C$71.90. 216,132 shares of the company's stock traded hands, compared to its average volume of 154,965. Stella-Jones has a 1 year low of C$65.13 and a 1 year high of C$98.00. The business has a 50-day simple moving average of C$70.41 and a 200-day simple moving average of C$79.04. The stock has a market capitalization of C$4.02 billion, a P/E ratio of 12.56, a PEG ratio of 2.40 and a beta of 0.64. The company has a debt-to-equity ratio of 87.53, a current ratio of 6.85 and a quick ratio of 1.20.
Insiders Place Their Bets
In related news, Director Patrick Kirkham acquired 2,035 shares of the firm's stock in a transaction that occurred on Thursday, December 19th. The stock was bought at an average price of C$70.36 per share, for a total transaction of C$143,179.34. 0.14% of the stock is owned by insiders.
Wall Street Analyst Weigh In
Several research analysts have recently weighed in on the stock. Scotiabank decreased their price objective on shares of Stella-Jones from C$85.00 to C$79.00 in a report on Monday. Cibc World Mkts upgraded Stella-Jones from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, January 14th. 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 upgraded Stella-Jones from a "neutral" rating to an "outperform" rating and boosted their target price for the stock from C$83.00 to C$86.00 in a research report on Wednesday, January 15th. Finally, TD Securities decreased their price target on shares of 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. One analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Stella-Jones presently has a consensus rating of "Buy" and a consensus target price of C$86.60.
Read Our Latest Stock Report on Stella-Jones
About Stella-Jones
(
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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.
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