Stella-Jones Inc. (TSE:SJ) Announces Quarterly Dividend of $0.28

Stella-Jones Inc. (TSE:SJ - Get Free Report) announced a quarterly dividend on Tuesday, November 5th,Zacks Dividends reports. Stockholders of record on Monday, December 2nd will be paid a dividend of 0.28 per share on Friday, December 20th. This represents a $1.12 annualized dividend and a dividend yield of 1.51%. The ex-dividend date is Monday, December 2nd.

Stella-Jones Stock Performance

Shares of TSE:SJ traded down C$1.11 during midday trading on Thursday, hitting C$74.26. The company's stock had a trading volume of 390,067 shares, compared to its average volume of 138,811. The stock has a market capitalization of C$4.18 billion, a price-to-earnings ratio of 11.96, a PEG ratio of 2.40 and a beta of 0.64. The stock's 50 day simple moving average is C$89.81 and its 200 day simple moving average is C$87.81. Stella-Jones has a fifty-two week low of C$71.41 and a fifty-two week high of C$98.00. The company has a debt-to-equity ratio of 93.08, a quick ratio of 1.20 and a current ratio of 6.57.

Stella-Jones (TSE:SJ - Get Free Report) last issued its quarterly earnings results on Wednesday, August 7th. The company reported C$1.94 earnings per share (EPS) for the quarter, missing the consensus estimate of C$1.96 by C($0.02). The business had revenue of C$1.05 billion during the quarter, compared to analyst estimates of C$1.07 billion. Stella-Jones had a net margin of 10.20% and a return on equity of 20.64%. As a group, research analysts anticipate that Stella-Jones will post 6.4457565 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on SJ. CIBC reduced their target price on shares of Stella-Jones from C$99.00 to C$83.00 in a research note on Thursday. Royal Bank of Canada lowered their price target on Stella-Jones from C$97.00 to C$81.00 in a research note on Thursday. TD Securities lowered their price target on Stella-Jones from C$103.00 to C$88.00 in a research note on Thursday. Scotiabank reduced their target price on Stella-Jones from C$95.00 to C$85.00 in a research report on Thursday. Finally, National Bankshares raised their target price on Stella-Jones from C$91.00 to C$99.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 16th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of C$88.00.

Insiders Place Their Bets

In other Stella-Jones news, Director James Augustus Manzi sold 5,000 shares of the stock in a transaction on Friday, September 13th. The stock was sold at an average price of C$92.92, for a total transaction of C$464,583.48. Corporate insiders own 0.14% of the company's stock.

About Stella-Jones

Stella-Jones Inc produces and sells pressure-treated wood products in Canada and the United States. It operates through two segments, Pressure-Treated Wood; and Logs and Lumber. The company offers railway ties and timbers for short line and commercial railroad operators; and wood utility poles for electrical utilities and telecommunication companies.